Bankruptcy/Liquidation

Director of firms in case involving 400 unpaid workers declared bankrupt

Workers from KPA Engineering in a lorry near the Ministry of Manpower Services Centre in Bendemeer on June 23.

The peril of incurring ‘good debt’ to invest

Borrowing to invest increases your risk because you will end up in debt if you suffer losses.

Unpaid workers case: Director behind firms files for bankruptcy

Workers from KPA engineering in a lorry near the Ministry of Manpower Services Centre in Bendemeer on June 23, 2026.

Beleaguered heritage company My Community owes MCCY’s Cultural Matching Fund $330,000

My Community Limited is linked to My Community, a heritage organisation that was registered as a society on Aug 26, 2010, and was known for free guided tours.

Heritage firm My Community winding up; founder says it cannot continue business due to liabilities

A heritage walking tour in the historical Queenstown and Dawson areas in Singapore, run by volunteer group My Community.

Hin Leong’s $3.4 billion claim against Deloitte struck out by apex court

The Court of Appeal has determined that Hin Leong’s trading losses were “not reasonably foreseeable” by Deloitte when it undertook the engagement.

Construction engineering firm Metrocon eyes SGX listing through Hatten Land takeover

Hatten Land has asked shareholders to approve a $28 million reverse takeover (RTO) by foundation engineering firm Metrocon Holdings.

Japan sees leap in bankruptcies triggered by weak yen

兑换率、新币、新元、日元、美金、美元、钞票。
Singapore Dollars, Singapore’s strong exchange rate，currency, US Dollars, Japanese Yen, paper notes.

A bankrupt cannot remove trustee simply because their relationship soured: High Court

Singapore has in recent years shifted towards a system where private trustees administer most bankruptcy cases rather than the Official Assignee, a court officer.

The kindest thing you can do for a failing business is close it

Most people see a bankruptcy filing as a catastrophe. More often, it is merely the formal acknowledgement that the catastrophe has already occurred.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.