You may be eligible for the Debt Repayment Scheme (DRS) if you owe unsecured debts (such as credit cards, personal loans, or car loans), are a Singapore Citizen or Permanent Resident, and have a regular source of income. Debts from unlicensed moneylenders do not qualify, and eligibility also depends on your income, expenses, and repayment history. We offer a free assessment to check your eligibility before you commit to anything.
DRS is an out-of-court arrangement that lets eligible debtors repay what they owe over an agreed period (up to 5 years) without being made bankrupt. Bankruptcy is a formal legal status with more serious and long-lasting consequences, including restrictions on travel, employment, and asset ownership. DRS is generally only available to debtors who meet specific eligibility criteria; those who don’t qualify may still need to consider bankruptcy.
Yes. DRS is generally only available to Singapore Citizens and Permanent Residents. Work Permit and Employment Pass holders are typically not approved for DRS.
If you’re self-employed (e.g. a sole proprietor), you’ll generally need to close your business first and show around 5–6 months of regular income for example, gig income such as GrabFood or Foodpanda deliveries before applying, and your expenses must be lower than your income or the application will be rejected. If you’re currently unemployed, you’ll need a stable source of income before DRS can be considered; we can talk through your specific situation during your free assessment.
Minimum $15,000
Maximum $150,000
Nothing. Your first consultation and eligibility assessment with us is completely free. If you wish for us to meet you at a place of your convenience, a $45 fee will be incurred but waived if you decide to sign up with us.
Our advisory fee is $999nett, exclusive of govt fees. Paid to Min Law
No — our advisory fee is fixed and disclosed upfront. The only additional costs are the statutory government fees required to file your case which goes directly to the relevant authorities.
No. Our initial assessment is free, and you only proceed to pay our advisory fee once we’ve confirmed you’re eligible and you decide to move forward.
Timelines vary by case, but the process generally involves an initial consultation, document and affidavit preparation, filing with the Supreme Court Service Bureau, and then a hearing date. Fastest 2 months. Longest 4-5 Months.
After you reach out, we’ll send you a short WhatsApp form to gather some basic details, followed by a free discovery call and, if you’re found suitable, an in-person consultation to go through your situation in full before proposing next steps.
An in-person consultation is part of our standard process so we can properly review your documents and situation, though initial discussions can start over WhatsApp or a call.
You’ll generally need identification documents, proof of income, and a list of your outstanding debts and creditors. We’ll guide you through the complete checklist during your consultation.
Being on DRS is generally less disruptive to your employment than bankruptcy, though certain professions with licensing or fit-and-proper requirements may have their own rules.
For Singapore Citizens, CPF savings and your HDB flat are fully protected under DRS. Permanent Residents are subject to different rules, and a PR’s HDB flat may need to be sold — we’ll go through what applies to your specific status during your consultation.
Once you’re accepted onto DRS, creditors covered under the scheme are generally required to stop separate recovery action against you and work through the arranged repayment plan instead.
DRS relates to your personal debts, and family members are not personally liable for your debts unless they are joint borrowers, guarantors, or co-signed the loan with you.
Yes. Your information is handled in confidence and only used to assess and manage your case.
It’s still worth reaching out as soon as possible — the sooner we can review your situation, the more options may still be available to you. Let us know about any legal letters or missed payments during your free assessment so we can advise on next steps quickly.
Being on DRS will be reflected on your credit bureau report and will affect your credit score while you’re on the scheme.
Yes you may at the discretion of the creditor.
Disclaimer: Debt Clear is a debt advisory service, not a bank or licensed moneylender. We do not provide loans. Information here is general in nature and is not legal advice. Outcomes depend on your individual financial situation.