How do I apply for the Debt Repayment Scheme ("DRS")?
It is not possible to sign up or apply for the DRS as it is only initiated when a bankruptcy application is made against you in the High Court ("the Court"), either by yourself or your creditor.
The Court may then refer your case to the Official Assignee ("OA") if your total liabilities do not exceed $150,000, for an assessment of your eligibility and suitability for the DRS.
While the Court refers your case to the OA, there are other criteria that you must meet to determine your suitability for the DRS.
For more information on the DRS, see our Introduction to DRS video (English subtitles) (mlaw.gov.sg) and Information for Debtors (mlaw.gov.sg).
Related questions
How will a debtor be eligible and suitable for the Debt Repayment Scheme ("DRS")?
How will a creditor or a member of public know if a debtor is under the Debt Repayment Scheme ("DRS")?
What is the Debt Repayment Scheme ("DRS") and when did it start?
How does a debtor in Debt Repayment Scheme ("DRS") make payment for the monthly instalments and fees under the DRS?
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