Corporate Rescue & Insolvency

Most businesses have their ups and downs, but sometimes the fall out from difficult periods can be too big to manage without the use of a formal insolvency procedure. Our services are :-

• Rescue Options
  • Judicial Management
    Judicial Management is designed to provide breathing space from creditors action whilst licensed liquidators like us, temporarily take control and evaluate the company and the best cause of action to take for all stakeholders, following established procedures and requirements set out by Companies Acts 2016.
  • Corporate Voluntary Arrangement
    CVA is a formal process enabling a compromise to be entered between a company and its creditors based on 75% majority votes passed at creditors meeting. The result binds all creditors. Our role will be to prepare all paper work and to convince the creditors the company will be back on track if the proposals are accepted.
• Closure Options
  • Members Voluntary Liquidations
    MVL is an option for solvent companies wishing to shut down. It holds great tax advantages for directors and shareholders and allow assets to be efficiently distributed and all liabilities settled.
  • Creditors Voluntary Liquidations
    A CVL is a liquidation process where directors voluntarily arrange to place the insolvent company into liquidation without involving the court. The consent of the creditors are required with the full guidance of licensed liquidators like us from the start until completion.
  • Compulsory Liquidations
    This is a court-controlled winding up following the court order at the request of creditor. A creditor with minimum debts owing by debtor of RM50,000 can initiate to wind up the company. There are many reasons for compulsory liquidations.
  • Company Strike Off
    The company director can apply for company for strike off. Dividend or refund of capital out of strike off is not capital distribution and are taxable in hand of shareholders.
• Corporate Insolvency Advise
  • Informal Agreement
    We can assist to explore whether the creditors are willing to consider mutual acceptable settlement.
  • Winding Up Petitions
    This is very serious because it lead to court winding up order and ultimately resulting in compulsory liquidation. There are options but need to contact us fast.
  • Personal Guarantee Liabilities
    The creditors can enforce the guarantee on guarantors.
  • Advance To/From Directors
    Have implications.
  • Amount Owing To Government
    Under certain situations the directors are liable.