years of professional experience
Successfully solved various debt restructuring problems for customers!
Client-Centric Approach
We offer a range of tailored solutions designed to fit your specific requirements.
IVA
INDIVIDUAL VOLUNTARY ARRANGEMENT
DRP
DEBT RELIEF PLANNING
IDRP
INTERBANK DEBT RELIEF PLANING
What is an Individual Voluntary Arrangement (IVA)?
IVA is crafted for individuals on the brink of bankruptcy, offering a bankruptcy alternative via debt reorganization. It operates on a voting mechanism, where a repayment plan is sanctioned if over 70% of creditors support it. As seasoned debt restructuring specialists in Hong Kong, we possess profound industry knowledge. We’re adept at meticulously planning your debt repayment strategy, handling all necessary paperwork, and furnishing pertinent legal counsel to shield you from debt-related inconveniences.
What is a Debt Relief Planning(DRP)?
Among the diverse debt restructuring approaches in Hong Kong, the DRP boasts a notably straightforward application process. Within DRP, repayment plans are established through direct negotiations with creditors, bypassing any legal formalities. When contrasted with the Individual Voluntary Arrangement (IVA), DRP significantly trims down the time and procedural steps for the entire application. This enables individuals to swiftly return to a debt-free, regular life.
What is a Interbank debt relief planning (IDRP)?
IDRP is commonly referred to as the premier debt resolution strategy. Its standout feature, distinguishing it from other schemes, is that debt settlements are primarily negotiated with the main creditor. Once a consensus is established between the borrower and this chief creditor, they consolidate all other outstanding debts. Consequently, all subsequent payments will be directed solely to this primary or leading creditor.
Top-Tier Debt Restructuring Firm
Dedicated to providing in-depth and compassionate analysis of your financial circumstances.
Having earned our reputation as a seasoned debt restructuring entity, we’ve extended our expertise to countless clients grappling with debt. We recognize the uncertainties and despair debtors often face. The real answer to debt isn’t a cycle of borrowing or merely meeting the minimum payment requirement. Resorting to new loans to cover old ones can severely hamper your credit score, leading you to rely on subprime lenders. Exorbitant interest rates could exacerbate the debt situation, pushing one towards bankruptcy. At HKDRS, we chart out the most efficient route out of debt, ensuring that our services don’t exacerbate your financial strain. Rest assured, we do not levy consultation fees and never encourage clients to pursue loans.
Our adept debt restructuring specialists prioritize your concerns. Drawing from our vast experience and expertise, we delve deep into your financial dilemmas, crafting tailored and adaptable repayment strategies. Our goal? To secure the most favorable interest rates for you, alleviating the financial weight of repayments.
Alert: Ensure you repay your loans directly. Avoid paying intermediaries.
Notice: about Bankruptcy
Notice: Declaring bankruptcy does not eliminate all debts. Beware of misconceptions regarding this. In bankruptcy, assets registered in the debtor’s name are utilized to settle the debt. Furthermore, any income of the debtor, beyond basic daily expenses, will be directed towards debt repayment. Should you require consultation or application of this service, we’ll handle your request with your best interests as our priority.
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Successful cases
Our expert legal team has resolved a myriad of debt challenges, boasting over a thousand successful cases. If you have a consistent monthly income, be it from personal loans or credit card debts, our HKDRS specialists are here to offer optimal solutions. We can also provide case studies for your consideration. For inquiries on debt restructuring, please reach out to us directly.
Contact us
HKDRS: With years of establishment behind us, we are committed to delivering expert case assessments for each client. Our dedicated team places a premium on open dialogue with our customers. We attentively listen to your concerns, leverage our deep-seated expertise, and offer a spectrum of fitting solutions. Our goal is to help you escape the clutches of soaring interest rates, alleviate your debt-related stress, and enhance your quality of life.