Voluntary Liquidation: A company is insolvent when its assets are less than its liabilities (Balance sheet insolvency) or when it is unable to pay its debts owing when due (cash flow insolvency). Winding up should not be confused with striking off. Striking off is only applicable if there are no assets or liabilities of the …
Category: Debt Restructuring
Debt Restructuring Singapore – An overview of debt restructuring
Companies typically face cash flow issues from time to time and most directors are most focused on cash flow monitoring. The Typical Singapore company owner would from time to time wonder what are the options available when his business does not turn out well. What is Debt Restructuring in Singapore Debt restructuring is the process …
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