The programme offered two tracks: a Simplified Debt Restructuring Programme (SDRP) for viable but struggling businesses, and a Simplified Winding Up Programme (SWUP) for those with no path to recovery. Effective 29 January 2026, the revamped Simplified Insolvency Programme 2.0 (SIP 2.0) is not merely a rebadging of its predecessor; it is a substantively upgraded framework, broadened in eligibility, simplified in process, and recalibrated in its administration. The transition to SIP 2.0 marks a decisive shift from temporary relief to permanent, integrated policy. : Governs the Simplified Debt Restructuring Programme (SDRP), designed for viable but distressed companies seeking breathing room to renegotiate obligations. SIP 2.0 equips the Singaporean market with proportionate tools calibrated exactly to the scale of these enterprises.