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Corporate Recovery & Insolvency Advisory

Are you facing these situations in your business? 

  • Having a hard time in terms of operation and financially?
  • Defaulting on bank loans?
  • Owned by a company which has no intention to continue its operations?
  • Planning to restructure your company?

You may need our service to resolve your problem.

Service provided by our partner CC Advisory.

Corporate Recovery & Insolvency Advisory

We specialize in providing business advisory services to various stakeholders which include creditors, directors, equity holders, banks, and other interested parties.

Our experienced team can aid you in striking off or winding off (liquidation) your company so that the company cease to exists. However, both package requires a different process and we can provide expert assistance on both services to ensure that all your needs will be satisfied. Additionally, we can also provide advice regarding the restoration of your company if you ever wish to restore your company within the permitted time period.

Herewith the list of services we offer: 

Receivership Services
  • Receivership is a situation whereby company is held by a receiver which the ‘receiver is responsible for both tangible and intangible property of the company.
  • A receiver is required in cases where a company cannot meet financial obligations or enter bankruptcy, or the court appoints in cases which business owner are incapable of managing their affairs. Under special circumstances, the government may seize control of the property and therefore a receiver is needed to place in the custodial responsibility for the owner of the property.
  • It is to protect the interest and security of lender via the preservation and/or sale of charged assets under a debenture.
Liquidation Services
  • Liquidation is an orderly winding down of business and maximization of recovery value to creditors and shareholders.
  • When the company is in liquidation, the liquidator takes control of the company while the company must cease all business activities unless the liquidator stated otherwise.
  • A business owner needs liquidation when the company has no more operating activities, management deadlock, oppression or corporate restructuring, to minimize tax liabilities and maximize tax advantages for the company.
  • The 3 different modes of winding up are:

▪ Members’ Voluntary LiquidationShareholder’s decision to wound up the company and settle any outstanding debts within 12 months.

▪ Creditors’ Voluntary LiquidationCreditors to consider the company’s proposal for a voluntary winding up of the company if the company is not able to meet its liabilities.

▪ Compulsory LiquidationCompany presents a winding-up application to relevant authorities such as the court.

Special Accountant Services (Monitoring Role)

The role of a special accountant is to carry out a specific monitoring role that includes monitoring and reviewing specific business areas and at times also act as a co-signatory for payments or implement approval mechanisms in certain situations.

Scheme of Arrangement Services

A scheme is an application to the Court for a voluntary reorganization under the Companies Act 2016.

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