What are the ways to get our of bankruptcy?

I am bankrupt and I want to get out of bankruptcy as soon as possible. Is there a faster way to get our of bankruptcy aside from just being a good monthly contributor and wait til I finish paying off my target contribution? If there are other ways, what are they and what shouldI do to achieve my goal?

Search other products or providers:

  • user image

    No Name

    There are four ways to get out of bankruptcy. The first method is by paying off all outstanding debts. The second method is to make a proposal to creditors to repay your debts. The third ways is to apply to the court for an order of discharge. The last method is by fully paying off your target contributions. Depending on which method is used, it is possible to have your name removed from the bankruptcy register. In short there no easy way out and if methods 2 and 3 are easy then it would definitely come with a price.

    2020.03.24 15:44

    Please leave your knowledge and opinion!

    Related Forums

    Would it be possible for someone else in the business owner's family to file for bankruptcy on behalf of the owner?

    What rules should I keep in mind when filing for bankruptcy?

    What are the assets that are protected from being part of my bankrupt estate?

    I just returned a huge amount of money to the bank

    What are the benefits of filing for bankrutpcy?

    Should I voluntarily file for bankruptcy or should I wat for a creditor to di it?

    Related Reviews

    All conversion transactions cannot be reversed.

    KrisPay / Singapore Airlines

    I transferred the wrong amount of KrisFlyer miles to KrisPay and could not reverse it. As the top up process into KrisPay account is only one-way, I was told I will not be able to process any reversal. Please ensure that the KrisFlyer miles or partner reward points you wish to transfer to KrisPay are correct before proceeding to confirm the top-up. All conversion transactions cannot be reversed.

    A robust application built with simplicity and fast payments in mind

    Yoyo Wallet / Yoyo Wallet

    Yoyo Wallet is a robust application built with simplicity and fast payments in mind. You connect your cards (debit and credit) or Apple Pay once and start using your smartphone to make payments. It allows you to keep all your financial detail in a centralized place, gain no additional wallet weight and take only your smartphone on your shopping experiences. The solution is ultra-secure; your financial details are stored by a trusted payment service provider and not in your smartphone or by Yoyo.

    The range of partner merchants isn’t that extensive

    GrabPay / Gpay Network S

    If you’re a serial Grab commuter, you might already have used GrabPay.They also have a number of partner merchants who accept payment using the GrabPay app.You have to top up your GrabPay account in order to use it anyway and honestly, the range of partner merchants isn’t that great and is mostly limited to small neighbourhood businesses. If you’re serious about using an e-wallet for most of your transactions, you will definitely need to download another e-wallet app for day-to-day use.

    Instant Peer to Peer Payment

    Just PayLah! / DBS Bank

    Unlike other banks with limits set at $999 or thereabout, if you’re a DBS/POSB customer you can set your daily transfer limit up to S$2,000. There’s also a wallet limit, which caps the amount you can hold in your PayLah! Wallet at any one time, which is up to S$2,000 for DBS/POSB account holders, and S$999 for other users.PayLah! Is a mobile wallet, for making peer to peer payments and spending money in participating stores, restaurants and taxi. You’ll need to have an eligible smartphone and download the PayLah! app to get started

    Dash all the way from Singapore to Thailand

    Dash / Telecom Equipment

    Singtel Dash is an e-wallet, so once you download the Singtel Dash app and log in, you can top up your dash account. It also works as a virtual visa account, so the account comes with its own unique 16-digit Dash Visa virtual account number and security code. Singtel Dash is can be used in Thailand in as well as in Singapore, making it more attractive to Singaporeans who frequently travel to Thailand. The app also lets you transfer money to another account, remit money overseas and, if you have an NFC-enabled phone, tap in and out of train and bus rides.

    No refunding from wallet if there is an error in the process of toping up an amount

    NETSPay / Electronic Transfers Singapore

    This platform provides zero flexibility of refunding from wallet if there is an error in the process of toping up the amount. Been told by Customer service that the only way is to terminate the account and the refund will be credited after 2 weeks. The UI as well have to be clear at the home screen on which default payment mode are we on as I've been told that the payment mode might switch every time after updating the app