Professional Hong Kong Debt Restructuring Services
Our One-Stop Services
We offer a full range of debt restructuring HK solutions
A lot of people in Hong Kong have heavy financial burdens. Being laden by an array of personal loans, balance transfer loans, student loans, tax loans, commercial loans are very common, which they often borrow from an assortment of banks and financial institutions. When your debts keep piling up, the debt repayment pressure can even exceed your repayment ability and start affecting your normal life.
When it comes down to these types of desperate situations, most people may consider filing for bankruptcy. However, bankruptcy is not a simple matter, and leaving a bad record on your credit profile as well as affecting your personal reputation or professional standing.
Hong Kong Professional Debt Relief Centre provides a number of debt restructuring plans that can help individuals or companies to formulate flexible repayment plans and ease their debt issues.
Debt Restructuring & Relief Calculator
If you want to know the amount of monthly debt repayment, you can use our debt restructuring and relief calculator we offer here. You only need to insert the interest rate approved by the bank or the financial institution to get an estimated repayment amount. The accuracy of this calculator is over 80% which is very effective in assisting you to seek and formulate a better financial plan.
We offer several solutions
Individual Voluntary Arrangement (IVA)
This method allows you to continue to be in control of your own bank account, although you are still responsible for paying off all the debt. In contrast, under bankruptcy, you can wait until your bankruptcy period comes to an end, and all debts will be written off. However, this voluntary arrangement will still affect your credit scores, but it is better than filing for bankruptcy based on all considerations.
Debt Relief Plan (DRP)
Interbank Debt Relief Plan (IDRP)
Benefits of Debt Restructuring Plans:
Debt restructuring plans can usually reduce loan interest by a significant margin, extend the debt schedule, while making sure that the debtor can efficiently settle the repayments within a limited period of time. These plans undoubtedly increase the debtor’s chances of repaying debts and avoid the need of writing off bad debts by creditors.
Of course, creditors will know that if the debtor is forced to file for bankruptcy, they may get nothing in return. Therefore, debt restructuring plans provide a win-win situation for all parties involved. Not only does the debtor avoid the need to file for bankruptcy, but the creditor can also collect on their outstanding debts.