Alvin Loo from MinLaw’s Insolvency Office shares more about MinLaw’s Debt Repayment Scheme and some common misconceptions surrounding it.

Have you seen online ads that “guarantee” an easy debt resolution? Could some of these debt consultancy firms actually save you from bankruptcy? What do you really know about MinLaw’s Debt Repayment Scheme? We answer these questions and more!

In this episode, Alvin will discuss:

Known services provided by debt consultancy firms
How to spot misleading ads
What is the Debt Repayment Scheme (DRS) and how can one apply for it
Legitimate resources for debt resolution

For more info:

go.gov.sg/debtrepaymentscheme

www.straitstimes.com/business/schemes-that-help-you-manage-repayment

Misleading Debt Consultancy Ads

MinLaw ConfidentialBy Ministry of Law, SingaporeAug 30, 2021