Bankruptcy

Why Conduct a Bankruptcy Search?

In any commercial transaction, individuals and companies wish to maximize the benefits and minimize the risks they get out of it. i-PAP helps you easily gain more financial insight by conducting a bankruptcy on your potential property seller or debtor in Singapore. This will help you make more informed decisions. Home buyers and property agents conduct bankruptcy search to confirm if an individual due diligence otherwise, a seller’s property may pose a threat of being seized and liquidated to repay his liabilities. In that case, there would be no security for a home buyer to buy a property or a property agent can’t recommend the property to his clients.

Mortgage brokers conduct bankruptcy searches to check the credibility of an individual before lending money to any individual. As a creditor you will obviously prefer lending money to a person who has a greater capacity to repay a loan than to a bankrupt person.

Bankruptcy search may be performed online through the i-PAP bankruptcy search services. To execute the bankruptcy search, you need to provide the following information:

With few inputs such as the name of the individual that you wish to do a bankruptcy search, Singapore NRIC or the passport number and the company name, you can retrieve the person’s bankruptcy status in just a click.

After providing the relevant information, the service will yield results which correspond to the search criteria. Online bankruptcy searches will incur subscription fees which are nominal to market rates.

You can search bankruptcy status with any of ournominal subscription plans, and get credit points after every payment. Payment options for the bankruptcy search in Singapore can be done through the following Credit/debit card.

Once the search has been done and based on the result, mortgage brokers may decline loan applications and home buyers and property agents may skip buying the individual’s property.