Options to Close Down a Company There are various options available to close down a company. As shown below, a company can be closed down via court winding-up, via members’… Read More »Options available for Closing of Company: Strike Off
China Evergrande Group (“Evergrande”) has appeared in the headlines of world financial news lately. The China property giant is on the brink of collapse. A case of rapid growth and… Read More »China Evergrande Group on the brink of collapse?
DUBAI, Aug 26 (Reuters) – Holders of around $70 million in troubled bonds issued on behalf of state-owned Air Seychelles have filed a petition to wind up the African airline,… Read More »Creditors file winding up petition for Air Seychelles
JAKARTA, Aug 14 (Bloomberg): Flag carrier PT Garuda Indonesia has shrunk its management to reduce costs as the airline restructures its way out of a pandemic-driven financial crunch. Garuda now… Read More »Indonesia’s Garuda removes directors to save costs amid debt restructuring
What is Members’ Voluntary Liquidation or MVL in short? Members’ Voluntary Liquidation is a formal liquidation process whereby solvent companies would be wound-up and assets are realised and distributed to… Read More »Biztalk: Corporate Recovery Series #9 What is Members’ Voluntary Liquidation?
Biztalk-Corporate Recovery Series #8 Why is it advisable to properly close down your company when you ceased business?
When you cease your business activities, why do you need to properly close down your company? It is usually due to several reasons, some may want to have a peace… Read More »Biztalk-Corporate Recovery Series #8 Why is it advisable to properly close down your company when you ceased business?
What is Insolvent Trading and why must company Directors pay attention to this? How can Bizboard help? As a team of professional accountants, Bizboard work and liaise with various professionals… Read More »Biztalk-Corporate Recovery Series #7 What is Insolvent Trading?
Have you heard of the person called Liquidator? Do you know what or who is a Liquidator? Do you know what does a Liquidator do? How can Bizboard help? As… Read More »Biztalk-Corporate Recovery Series #6 Who is a Liquidator?
Court Winding-Up Court Winding-Up (Compulsory Winding-Up) is common when a company is not able to pay its debts. It usually starts with a Notice of Demand served on the company… Read More »Biztalk-Corporate Recovery Series #5 What is a Court Liquidation or Court Winding-Up?
Voluntary Winding-up There are 2 types of Voluntary Liquidation (Winding-Up): ▷ Members’ Voluntary Liquidation (MVL)▷ Creditors’ Voluntary Liquidation (CVL) 🟢MVL – for company that is able to pay its debts… Read More »Biztalk – Corporate Recovery Series #4 What is a Voluntary Winding-Up or Voluntary Liquidation?