IRB Law advises a wide range of client, from listed companies on insolvency and restructuring, to individuals facing individual bankruptcy. We are here to understand your individual or company situation, and provide efficient, and commercially effective solutions which we know are especially important during such situations.
IRB law has continuously proved to be a competent law firm advising a wide range of clients from listed companies on insolvency and restructuring, to individuals facing individual bankruptcy.
A bankrupt as defined under the Insolvency, Restructuring and Dissolution Bill as (a) An individual debtor who has been deemed as such by a bankruptcy order; or (b) The partners in a firm adjudged as bankrupt. Whereas, bankruptcy is a legal status declared by the High Court of Singapore who is unable to repay debts amounting to $15,000.00 and up.
When business is no longer prospering as it used to, we here to assist and understand your individual or company situation and provide efficient, and commercially effective solutions that we know are especially important during such situations.
Prevention and action are essential to avoid severe damages to the company’s finances, operations, and management. Deterrence and mitigating measures are crucial in ensuring that your individual or company situation is handled properly by experts.
Don’t let your situation spiral out of control, speak to our legal advisers today and get a free initial consultation to understand your options and potential fees.
Individual & corporate bankruptcy – Bankruptcy is a legal status declared by the High Court of Singapore to an individual who is unable to repay debts amounting to $15,000.00 and up.
Company restructuring – Company restructuring is an initiative to significantly change the company’s finances, operations, and management, solely to address their financial incapability and losses.
Issues of insolvency – One’s inability to pay their debts means that they are in a state of insolvency. This status produces the following common issues; inapplicability of scheme arrangements, management, non-application for bankruptcy, lack of actions, and the like.
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