Insolvency Programme News Today

The Supreme Court of Singapore announced that Justice Kannan Ramesh has been appointed as the seventh President of the International Insolvency Institute (III)

With an aim to clear confusion and apprehensions of students about the scope of a career in Commerce, the school organised a 'Career Guidance Session' for students of Class X. The resource person of the session was the school alumnus, Nikhil Sachdeva who is presently working as a chartered accountan

Named nodal agency for digital literacy, community development program

Simplified legal process was introduced temporarily to help micro, small firms restructure debts or wind up businesses.. Read more at straitstimes.com.

Maximum annual sales turnover of S$10 million In the case of the simplified winding up programme, the value of its realisable unencumbered assets not exceeding S$50,000 In addition, the MSC has to be a company incorporated in Singapore and there must be not be any circumstances that make the MSC unsuitable for the SIP. For example, a company would be unsuitable if: Any Court applications or orders have been made to wind up or restructure the company; or The restructuring or winding up of the co...

Charles Goodhart, Dimitri Tsomocos, Xuan Wang Around the world, the coronavirus pandemic is pushing many firms towards insolvency by dramatically changing consumption patterns and business operations. The first wave of liquidity-focused policy responses in many jurisdictions prevented or delayed more severe consequences for the corporate sector. While some liquidity support is still needed, the crucial issue that must be tackled now is that of corporate solvency.  The corporate solvency proble...