There are many schemes and resources available for companies to bounce back from a state of insolvency through restructuring. Yet, there is a negative stigma surrounding the idea of insolvency especially in Asia as people tend to equate it to bankruptcy. Through education, however, this stigma can be reduced.

Sim Kwan Kiat, Head, Restructuring and Insolvency Practice, Rajah & Tann Singapore LLP gives us more insight into this.