DRP Debt Relief Plan｜Professional Legal Solution to Restructure Debts Without Bankruptcy
The DRP Debt Relief Plan is a debt restructuring program offered by banks and finance companies that allows individuals to reorganize their debts without filing for bankruptcy. It enables debtors to continue working and living normally while making affordable repayments. Yip Tse Tang Solicitors represents clients in negotiating with banks to reduce interest rates and extend repayment periods , ensuring monthly payments match realistic financial capacity. With years of experience and strong relationships with banks, we have successfully helped thousands of clients regain financial stability and trust.
Benefits of the DRP Debt Relief Plan
- Fast Submission: Proposal submitted to creditors within 7-10 days — much faster than IVA.
- Quick Approval: Approval typically within 30 days, without court involvement.
- Swift Repayment Start: Plan can begin within one month of application.
- Simple Procedure: Bank approval only — no court filing or legal orders required.
- Flexible Terms: Creditors may adjust repayment periods and interest rates case by case.
- Low Legal Fees: HK$4,500–HK$9,500 (more costs in case their are complexities or number of creditors), saving over 70% compared to IVA costs.
- Faster, Cheaper & Confidential: DRP is simpler, quicker, and more private than IVA (Individual Voluntary Arrangement).
Comparison: DRP vs. IVA
| Item | DRP Debt Relief Plan | IVA Debt Restructuring |
|---|---|---|
| Approval Time | 2–7 days | Around 4 months |
| Court Involvement | No | Yes |
| Repayment Start | Around 1 month | 4–6 months |
| Legal Fees | HK$4,500–HK$9,500 | HK$40,000–HK$50,000 |
| Advantages | Fast, Affordable, Confidential, Flexible | Complicated, Lengthy Process |
Professional Legal Support & Success Cases
Our debt restructuring team has extensive experience negotiating with banks and creditors. We have helped thousands of clients restructure debts without bankruptcy and restore their credit. We only accept cases with a strong chance of success — ensuring professionalism, integrity, and effective outcomes.
📞 Debt Relief Hotline
Hong Kong: (+852) 6689 9999
🌐 Learn more: https://www.ytt.com.hk
Yip Tse Tang Solicitors — Professional Debt Relief & Restructuring Lawyers Helping You Regain Financial Freedom.