Leading Personal Insolvency Legal Services: liquidation, bankruptcy, DRP, IVA
At Yip, Tse & Tang, we are a leading law firm in personal insolvency legal services in Hong Kong. Since 2001, we have successfully handled and completed numerous insolvency cases, helping clients find relief from overwhelming debt.
Personal Insolvency Services
Personal Bankruptcy Cases
We have handled over 10,000 personal bankruptcy cases, providing individuals with a fresh start by relieving them of unsustainable debts. Our experienced lawyers guide clients through the bankruptcy process, ensuring they understand their rights and obligations. [Glossary Term: Bankruptcy - A legal process where a person declares inability to repay debts, leading to asset liquidation to pay off creditors.]
Personal Debt Restructuring
Our firm has managed over 1,500 personal debt restructuring cases through voluntary arrangements (IVA) or debt relief plans (DRP). These arrangements help individuals manage and reduce their debts without resorting to bankruptcy. [Glossary Terms: IVA (Individual Voluntary Arrangement) - A formal agreement with creditors to pay off debts over time; DRP (Debt Relief Plan) - A plan to restructure and reduce personal debts.]
Options for Heavy Debt
If you are burdened with heavy debts and stressed by credit card or personal loans, consider bankruptcy, a voluntary arrangement, or a debt relief plan to resolve your debt problems. Our lawyers provide expert advice to help you choose the best solution. [Glossary Term: Debt Relief - Legal measures to reduce or eliminate debt, often involving repayment plans or settlements.]
Corporate Insolvency Services
Corporate Insolvency
We offer legal services for corporate insolvency, helping businesses navigate financial distress and find effective solutions. Our team is experienced in handling complex corporate insolvency cases. [Glossary Term: Corporate Insolvency - A state where a company is unable to pay its debts, leading to legal proceedings to manage or dissolve the business.]
Corporate Debt Restructuring
Our lawyers assist companies with debt restructuring, negotiating with creditors to reorganize and reduce debt, ensuring the business can continue to operate effectively. [Glossary Term: Corporate Debt Restructuring - The process of reorganizing a company's debt to restore its financial health.]
Liquidation and Winding Up
We provide comprehensive legal services for the liquidation or winding up of limited companies, ensuring that the process is conducted smoothly and in compliance with legal requirements. [Glossary Term: Liquidation - The process of dissolving a company by selling its assets to pay off debts; Winding Up - The process of closing a company, settling its debts, and distributing any remaining assets to shareholders.]
Contact Us
For any insolvency-related issues, make a call to our experienced insolvency lawyer, Ricky Wan, at 68896880. He is fluent in both English and Cantonese and ready to provide expert legal advice and support.
For more detailed information on our bankruptcy services, visit our Chinese site: www.HongKongBankruptcy.com.
Glossary of Terms
- Bankruptcy (破產): A legal process where a person declares inability to repay debts, leading to asset liquidation to pay off creditors.
- IVA (Individual Voluntary Arrangement) (個人自願安排): A formal agreement with creditors to pay off debts over time.
- DRP (Debt Relief Plan) (債務舒緩計劃): A plan to restructure and reduce personal debts.
- Debt Relief (債務減免): Legal measures to reduce or eliminate debt, often involving repayment plans or settlements.
- Corporate Insolvency (企業破產): A state where a company is unable to pay its debts, leading to legal proceedings to manage or dissolve the business.
- Corporate Debt Restructuring (企業債務重組): The process of reorganizing a company's debt to restore its financial health.
- Liquidation (清盤): The process of dissolving a company by selling its assets to pay off debts.
- Winding Up (結業): The process of closing a company, settling its debts, and distributing any remaining assets to shareholders.
Our team at Yip, Tse & Tang is ready to assist you with all your personal and corporate insolvency needs, ensuring you receive expert legal advice and support throughout your journey. Contact us today to learn more.