If you are a director or owner of a company in substantial debt, financial distress or becoming insolvent, you may want to do your best to resuscitate the company. If you seek to restructure debts, rationalise assets and reorganise the firm early, you may be able to avoid the company’s downfall.

In this article, we address some questions you may have if you are a creditor of a Singapore company that has entered or is entering into liquidation or winding up due to insolvency or otherwise.

If your business is experiencing a slow-down because of the Circuit Breaker and social distancing measures during this COVID-19 outbreak, now is the best time to repair legal foundations, review internal systems, and position your business for when things pick up again. Here are 6 key areas you should review.