3. How is a debt relief plan different from an Interbank Relief Plan?

In the case of the Interbank Plan, all your debts are consolidated and taken over by your largest creditor after negotiations. Once the terms and conditions of the new debt structure are agreed on, you will only have to concentrate on repaying your debt to one creditor. With a debt relief plan in Hong Kong, you will be repaying all your creditors individually, as you currently do.