This can happen if you find that liabilities exceed your cash flows, or you want to restructure your debts.  What are your options?  Scheme of Arrangements with creditors?  Assignment of debts, receivables, or liabilities? Injection of new shareholders with different rights or voting power?  Sale of assets, sale of unprofitable operations, investments or subsidiaries?

There is no standard answer – a review is needed to identify the realistic options.  Our review will give you an opinion as to whether you are solvent.

For some answers please see our article on Corporate Insolvency Law In Singapore - The Legal Consequences of Corporate Insolvency. You may also wish to see the article from MSI on Advising distressed businesses on an alternative to bankruptcy

Please do not hesitate to contact us at 6737 7808 should you have any enquiries.