Singapore Licensed Insolvency Practitioner
With liquidation experience of more than 30 years, the experts at ClearView have helped business owners navigate severe financial distress situations. We provide confidential, expert guidance for corporate restructuring or the winding-up of Singapore companies. Our pragmatic approach assists the stakeholders in managing the winding-up process, and ensures strict compliance with Singapore law.
Is your company facing these challenges?
Creditors Pressure
Falling behind on payments to suppliers and creditors? Unpaid debts can cause severe harm to the company's reputation and ability to continue business.
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? Liquidation is often one of the solutions to extract capital and part ways amicably.
You do not have to navigate corporate insolvency alone. As Licensed Insolvency Practitioners, we orchestrate orderly winding down of the affairs and winding up of companies and ensure strict compliance with Singapore’s Insolvency, Restructuring and Dissolution Act (IRDA) 2018.
Speak with an ExpertSelecting the Appropriate Mode of Winding-Up
Singapore law provides distinct procedures based on the corporate's solvency status. Select your dynamic route below to view specific strategies and timelines.
The Company is Solvent
Members’ Voluntary Liquidation (MVL)
Choose this path if your entity is in net asset position and the shareholders decides to wind down the affairs and wind up the company. This framework enables an orderly closure while optimizing capital returns to shareholders.
View MVL ServicesThe Company is Insolvent
Creditors’ Voluntary Liquidation (CVL) or Court Liquidation (CL)
Choose this path if your entity faces cash flow pressures, in net liability position, or aggressive legal demand letters. Initiating a company-led CVL or CL halts ongoing enforcement, addresses liabilities legally, and mitigates wrongful trading exposure.
View CVL ServicesYour 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 the company's financial situation, we advise on the most strategic exit: a Members’ Voluntary Liquidation (MVL), a Creditors’ Voluntary Liquidation (CVL), or potentially other services like Court Liquidation (CL).
Statutory Filings & Creditor Management
Upon formal appointment, we take over all communications. We handle mandatory ACRA and Official Receiver filings, convene creditor meetings, realize company assets and adjudication of debts.
Final Distribution & Legal Closure
After the lquidator declares dividends to creditors and returns any surplus assets to shareholders, we will conduct the final meeting. The company is officially dissolved 3 months after the final meeting is held.
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 and 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 execute 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.
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.