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Insolvency support for small firms from Jan 29

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Vivienne Tay

Vivienne Tay

Published Thu, Jan 28, 2021 · 09:50 PM

    Singapore

    MICRO and small companies severely impacted by Covid-19 and in need of help to restructure their debts to rehabilitate their business or wind up may apply for a Simplified Insolvency Programme (SIP) starting Jan 29.

    The SIP will be available for six months until July 28 and may extend further if the need arises, Singapore's Ministry of Law (MinLaw) said on Thursday.

    Ministry of LawInsolvencySingapore SMEs

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