Enterprise Credit Counselling Programme launched to help firms that have ceased or are ceasing operations

SINGAPORE (Oct 25): The Credit Counselling Singapore (CCS) is extending its credit counselling services beyond consumers to owners of small enterprises by launching a pilot Enterprise Credit Counselling Programme to help entrepreneurs who are burdened with debts after their businesses have ceased operations or are on the verge of ceasing operations.

CCS will be providing provide credit counselling to small enterprise owners in the programme, helping them manage their liabilities owing to multiple creditors with different security arrangements.

With this, CCS will be able to facilitate a comprehensive and coordinated approach for those who are able to repay within a reasonable period and draw up a repayment proposal.

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