Practice areas
Self Bankruptcy and Creditors Bankruptcy
Clear guidance through debt, insolvency, and winding-up proceedings
At RLC Law, we specialise in helping individuals navigate the voluntary bankruptcy process with a proven track record of success. We represent clients overwhelmed by debt and creditor pressure, offering them the protection they need. Our clients benefit from clear, expert guidance and transparent, affordable fees.
We provide practical insights into Singapore’s bankruptcy framework and help you determine whether this is the most suitable option for your financial recovery.
What we Handle
- Judicial management applications
- Director's liability during insolvency
- Personal bankruptcy applications and advice
- Company winding-up (creditor and voluntary)
- Debt restructuring and negotiation with creditors
Why Consider Filing for Bankruptcy?
You may choose to file for bankruptcy voluntarily if:
- There is little chance of repaying your debts in full.
- You are unable to reach a repayment agreement with your creditors.
Once you are declared bankrupt, your debts and any associated interest are frozen. You will be required to make a significantly reduced monthly repayment to the Official Assignee.
During this time, creditors are prohibited from taking legal action against you. This provides much-needed relief and respite from the ongoing stress of debt repayment.
Our Process
Financial situation review
Personal or company
Option Assessment
Restructuring vs. formal proceedings
Representation
Filing and representation in insolvency proceedings
Resolution
Ongoing advice through resolution
FAQ
What's the difference between bankruptcy and company winding up?
Bankruptcy applies to individuals unable to pay debts while winding up refers to the formal closure of an insolvent company.
Can I avoid bankruptcy through restructuring?
Often yes , we assess whether a Debt Repayment Scheme ( DRS ) or negotiated arrangement can avoid formal bankruptcy.
Related practice areas: Dispute Resolution · Bankruptcy & Company Winding Up