Debt Restructuring by Debt Relief Plan (DRP) or Voluntary Arrangement (IVA)

DRP.com.hk and IVA.com.hk were launched for these services as a result of the increase of demand on non-bankruptcy approach to solve the debt problem.

Since its inception, we held discussion on the subject in the press and electronic media, including Hong Kong Economic Times, Hong Kong Economic Journal, Singtao Daily, Cable TV, Radio Television Hong Kong and MetroRadio. If a detor does not wish to bankrupt, he may think about whether IVA is a desirable measure to solve his debt problem.

By May 2005, Yip, Tse & Tang has handled more than 1,200 IVA and about 1,000 DRP applications having restructured hundreds of millions of dollars.