Singapore Licensed Insolvency Practitioner
Since 2008, ClearView Associates has helped business owners navigate severe financial distress. We provide confidential, expert guidance for corporate restructuring or the orderly wind-up of your company. Our pragmatic approach protects directors, manages creditor pressure, and ensures strict compliance with Singapore law.
Is your company facing these challenges?
Regulatory Pressure
Falling behind on CPF contributions, GST, or Corporate Tax? Unpaid statutory debts can lead to severe penalties or summons from IRAS and ACRA.
Legal Demands
Facing mounting creditor pressure? Receiving Statutory Demands or threats of a Compulsory Winding Up application against your company?
Corporate Insolvency
Experiencing a severe cash flow crisis where liabilities exceed assets? Operating an insolvent company risks exposure to claims of wrongful trading.
Internal Conflict
Dealing with irreconcilable shareholder or boardroom deadlocks? An MVL is often the cleanest way to extract capital and part ways amicably.
You do not have to navigate corporate insolvency alone. As Licensed Insolvency Practitioners, we orchestrate orderly wind-ups that mitigate personal director liabilities, halt creditor harassment, and ensure strict compliance with Singapore’s Insolvency, Restructuring and Dissolution Act (IRDA) 2018.
Speak with an ExpertYour Roadmap to Corporate Resolution & Closure
Solvency & Position Assessment
We conduct a rigorous review of your balance sheet and creditor exposure to determine if the company is legally solvent or insolvent under IRDA 2018 guidelines.
Selecting the Winding-Up Route
Based on your financials, we advise on the most strategic exit: a Members’ Voluntary Liquidation (MVL), a Creditors’ Voluntary Liquidation (CVL), or a viable Debt Restructuring plan.
Statutory Filings & Creditor Management
Upon formal appointment, we take over all communications. We handle mandatory ACRA and Official Receiver filings, convene creditor meetings, and realize company assets.
Final Distribution & Legal Closure
After adjudicating valid claims and distributing remaining funds, we hold the final general meeting. The company is officially dissolved, absolving directors of ongoing corporate duties.
Frequently Asked Questions
What is the difference between striking off and liquidation?
Striking off is a fast-track process strictly for dormant companies with no active business, assets, or liabilities. Liquidation (or winding up) is a formal legal process required for companies that still have active operations, assets to distribute, or outstanding debts to creditors. It requires the appointment of a Licensed Insolvency Practitioner.
Will I be held personally liable for the company’s debts?
Generally, a Private Limited (Pte. Ltd.) company structure shields directors from personal liability. However, the corporate veil can be pierced. You may be held personally liable if you signed personal guarantees, or if there is evidence of fraudulent trading or wrongful trading (continuing to incur debts while knowingly insolvent) under the IRDA 2018. Seeking early advisory minimizes this risk.
What is the difference between an MVL and a CVL?
A Members' Voluntary Liquidation (MVL) is a shareholder-initiated process for solvent companies. Directors must swear a Declaration of Solvency stating the company can pay all debts in full within 12 months. A Creditors' Voluntary Liquidation (CVL) is initiated when a company is insolvent and cannot meet its financial obligations, ensuring a fair distribution of remaining assets to creditors.
How long does the liquidation process take in Singapore?
A straightforward Members' Voluntary Liquidation (MVL) typically takes between 6 to 12 months to completely finalize and dissolve. Complex CVLs or Compulsory Liquidations can take over a year, depending on the complexity of asset realization, ongoing contracts, and creditor dispute adjudication.
Get Clarity on Your Legal Position
Every company's financial distress is unique. Speak directly with a Licensed Insolvency Practitioner to understand your options, mitigate personal liability, and map out the safest path forward. All consultations are strictly confidential.