5. How does the Interbank Debt Relief Plan differ from other solutions?

While Interbank Debt Relief Plans, IVA and DRP are all common solutions to avoid bankruptcy and protect your employment, they all use different approaches.

The Interbank Debt Relief Plan consolidates all your debts, so you only have one creditor, one loan, and one interest to worry about. The other two solutions, however, focus on all the creditors involved.

Interbank Debt Relief Plans in Hong Kong are more straightforward and do not involve the courts or legal processes.