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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?

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?4

Ways to Wind Up a Company Thinking of ceasing your business? Winding Up (or Liquidation) is the term used when dissolving (closing down) a company. Winding up a company does… Read More »Biztalk – Corporate Recovery Series #3 What are the various ways to wind-up a company?

I wanted to stop business. Can I just abandon my company? When it comes to closing down your business, should you just leave your company there? Does it mean you… Read More »Biztalk – Corporate Recovery Series #2 Can i just abandon my company if i decide to cease business?

Continue Business or Close Down? In view of the economic contraction caused by Covid-19 pandemic, many companies which are not well prepared to face the situation is in a tough… Read More »Biztalk – Corporate Recovery Series #1 Deciding to Continue Business or Call it a Day?