Bussiness Glossary

Proof of Debt

Proof of Debt Documentation submitted by a creditor to substantiate their claim against the assets of a company in liquidation. Guardian Advisory – Singapore Insolvency Practitioner Your trusted partner in restructuring and liquidation services in Singapore. We provide restructuring advisory services and are approved liquidators in Singapore. TALK TO US TODAY!

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Pre-packaged Sale

Pre-packaged Sale A sale of a company’s assets arranged before the commencement of formal insolvency proceedings, typically facilitated by an insolvency practitioner to maximize returns to creditors. Guardian Advisory – Singapore Insolvency Practitioner Your trusted partner in restructuring and liquidation services in Singapore. We provide restructuring advisory services and are approved liquidators in Singapore. TALK

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Preferred Creditors

Preferred Creditors Creditors with priority in the distribution of assets in a liquidation process, typically including secured creditors, employees’ wages, and certain statutory liabilities. Guardian Advisory – Singapore Insolvency Practitioner Your trusted partner in restructuring and liquidation services in Singapore. We provide restructuring advisory services and are approved liquidators in Singapore. TALK TO US TODAY!

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Preference

Preference Any transaction or payment made by a company to a creditor or related party shortly before the commencement of liquidation, which gives that creditor or party an advantage over other creditors. Guardian Advisory – Singapore Insolvency Practitioner Your trusted partner in restructuring and liquidation services in Singapore. We provide restructuring advisory services and are

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Moratorium

Moratorium A temporary suspension of legal proceedings or enforcement actions against a company, often granted during the administration or restructuring process. Guardian Advisory – Singapore Insolvency Practitioner Your trusted partner in restructuring and liquidation services in Singapore. We provide restructuring advisory services and are approved liquidators in Singapore. TALK TO US TODAY!

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Members’ Voluntary Liquidation (MVL)

Members’ Voluntary Liquidation (MVL) A voluntary liquidation initiated by the members of a solvent company to wind up its affairs and distribute its assets among shareholders. Guardian Advisory – Singapore Insolvency Practitioner Your trusted partner in restructuring and liquidation services in Singapore. We provide restructuring advisory services and are approved liquidators in Singapore. TALK TO

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Liquidator’s Report

Liquidator’s Report A report prepared by the liquidator detailing the conduct of the liquidation process, including the realization of assets and distribution to creditors and shareholders. Guardian Advisory – Singapore Insolvency Practitioner Your trusted partner in restructuring and liquidation services in Singapore. We provide restructuring advisory services and are approved liquidators in Singapore. TALK TO

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Liquidation Process

Liquidation Process The process of winding up a company’s affairs, realizing its assets, and distributing them among creditors and shareholders. Liquidation may occur voluntarily or involuntarily, depending on the financial circumstances of the company. Guardian Advisory – Singapore Insolvency Practitioner Your trusted partner in restructuring and liquidation services in Singapore. We provide restructuring advisory services

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Liquidation Committee

Liquidation Committee A committee appointed by creditors to oversee the liquidation process and provide guidance to the liquidator. Guardian Advisory – Singapore Insolvency Practitioner Your trusted partner in restructuring and liquidation services in Singapore. We provide restructuring advisory services and are approved liquidators in Singapore. TALK TO US TODAY!

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Judicial Management

Judicial Management A court-supervised process whereby an independent judicial manager is appointed to oversee the restructuring of a financially troubled company and negotiate with creditors to reach a viable solution. Guardian Advisory – Singapore Insolvency Practitioner Your trusted partner in restructuring and liquidation services in Singapore. We provide restructuring advisory services and are approved liquidators

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