Bankruptcy vs IVA (Individual Voluntary Arrangement): Hong Kong Comparison & Cost Guide
Bankruptcy
Overwhelming debt with no ability to repay
- Complete debt discharge
- Impacts professional qualifications
IVA (Individual Voluntary Arrangement)
Stable income and wish to retain employment
- Retain your job
- Repayment period up to 5 years
Compare differences, pros & cons, and Hong Kong market pricing to help you decide.
了解兩者的分別、優缺點及香港市場收費，幫你作出更清晰的選擇。
Service Comparison
Quick Comparison Table
| Feature | Bankruptcy | IVA (Individual Voluntary Arrangement) |
|---|---|---|
| Best for | Overwhelming debt with no ability to repay | Stable income and wish to retain employment |
| Key advantage | Complete debt discharge | Retain your job |
| Key drawback | Impacts professional qualifications | Repayment period up to 5 years |
| Price range (HK) | HK$8,000 – HK$20,000 | See details |
Price Comparison (Hong Kong)
Prices are market references for Hong Kong and may vary based on provider, scope and timing.
Which Should You Choose?
Overwhelming debt with no ability to repay
- Advantage: Complete debt discharge
Stable income and wish to retain employment
- Advantage: Retain your job
Consider your budget, specific requirements and timeline when deciding between Bankruptcy and IVA (Individual Voluntary Arrangement) in Hong Kong.
Related Price Information
FAQ
Does bankruptcy affect my job?
How much does IVA cost?
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