Liquidation

Liquidation

The Liquidation process generally involves identifying, collating and realising the company’s assets at the best value in the circumstances, discharging the company’s liabilities, then distributing any balance funds proportionately amongst its stakeholders.

Our liquidation team does not merely focus on ensuring the smooth running of the administrative aspects of the liquidation process. We take pains in combing through the books and records in search of possible assets – which are otherwise often dismissed by Management as valueless – and turning them into valuable cash which will eventually benefit the stakeholders.

Whether it is a Members’ Voluntary Liquidation (Solvent) or a Creditors Winding Up (Insolvent), our approved liquidators will assist you to achieve the best possible outcome.

Our Liquidation (Solvent) process covers:

  • Having Management complete a simple set of questionnaires to establish preliminary information such as nature of business, net assets of the company, main reasons for opting to liquidate the company etc;
  • Convening and conducting Directors’ Meeting to call for an Extra Ordinary General Meeting for the purpose of the Winding Up and to approve the Declaration of Solvency;
  • Lodging the resolution with ACRA and Official Receiver, and placing an advertisement giving notice of the intention to liquidate and the appointment of liquidators;
  • During the liquidation, identifying and disposing of assets, settling liabilities, final tax affairs and ensuring the settlement of all matters relating to government agencies;
  • Conducting the Final Meeting and giving an account of the winding up proceedings to stakeholders;
  • Lodging the liquidator’s report, final return and dissolving the company

Our Liquidation (Insolvent) process covers:

  • Having Management complete a simple set of questionnaires to establish preliminary information such as nature of business, net assets of the company, main reasons for opting to liquidate the company etc;
  • Convening and conducting Directors’ Meeting to call for an Extra Ordinary General Meeting (EOGM) for the purpose of the Winding up;
  • Giving appropriate notice of a Creditors’ Meeting (CM) where the Statement of Affairs of the company will be tabled at such meeting; Conducting EOGM to approve the special resolution for the winding-up of the company and the nomination of liquidators and possibly establishing a Committee of Inspection (COI) comprising creditors;
  • Lodging the resolution with ACRA and Official Receiver and placing an advertisement giving notice of the intention to liquidate the company and the appointment of liquidators;
  • During the liquidation, dealing and managing creditors’ queries, identifying and disposing of assets, settling liabilities, final tax affairs and ensuring the settlement of all matters relating to government agencies;
  • Conducting the Final Meeting and giving an account of the winding up proceedings to stakeholders;
  • Lodging the liquidator’s report, final return and dissolving the company

Achieve efficient closure or winding up of your business

Through our approved Liquidators, let us assist you and your stakeholders in garnering the best possible outcome for every one in the liquidation of the business.

Engage our Services

Let’s take your business where it needs to go

CA Trust Solutions is the leading company incorporation services provider in singapore. We helps you make the most of your growth trajectory with our expertise and scalable solutions.