Creditors' voluntary winding up: Declaration of inability to continue

Before you declare

A creditors' voluntary winding up applies when an entity cannot continue its business due to its liabilities.

Filing the declaration is optional. If it does not apply to your entity, select "Not applicable" when prompted. Bizfile will then prompt you to file the notice of resolution.

Step 1: Log in to Bizfile and open the “File winding up of business entity” eService

Follow these steps to log in to Bizfile and navigate to the File winding up of business entity eService.

Note: All entity and personal information (including UEN, entity details, NRIC or FIN numbers, names and addresses) shown are dummy data for illustration purposes only.

1. Go to Bizfile and click "Login". Then, select "Business User" to log in via Corppass.

2. Check that the entity name and UEN displayed on the top menu bar and dashboard show the entity to be wound up.

3. (CSPs) Click the "Corporate Service Provider" tab on "My profile – Select profile" page. If you belong to more than one CSP firm, select your CSP firm from the dropdown list.

6. Click "Start" on the "File winding up of business entity" introduction page.

Step 2: File the declaration of inability to continue business

This step is optional. If the declaration does not apply to your business, select Not applicable.

Bizfile will then prompt you to file the notice of resolution.

1. Check the business entity details to ensure you are winding up the correct entity.

2. Select "Creditors' voluntary winding up" from the "Type of winding up" dropdown list.

For local companies

Enter the date of declaration and list the directors who made the declaration.

1. Enter the date of the declaration of inability to continue business. This must be the current date or a past date. Select all directors who made the declaration from the dropdown list. Then, click "Save".

2. If a director's name is not listed, select "Others". Then, click "Save".

3. (Director's name was not listed) Enter the name in the text box provided.

4. Enter the date when the statutory declaration was lodged with the Official Receiver. This must be the current date or a past date. Specify the proposed date of meeting and the proposed date of the creditors' meeting. Then, click "Review and confirm".

For LLPs

Enter the date of declaration and list the managers who made the declaration.

1. Enter the date of the declaration of inability to continue business. This must be the current date or a past date. Select all managers who made the declaration from the dropdown list. Then, click "Save".

2. If a manager's name is not listed, select "Others". Then, click "Save".

3. (Manager's name was not listed) Enter the manager's name in the text box provided.

4. Enter the date when the statutory declaration was lodged with the Official Receiver. This must be the current date or a past date. Specify the proposed date of meeting and the proposed date of the creditors' meeting. Then, click "Review and confirm".

Step 3: Review and submit

Review all information carefully before submitting the declaration.

1. Review all information carefully. Then, tick the declaration box and click "Submit".

2. You will receive a message confirming the declaration has been successfully filed. To proceed to the next filing immediately, click "Overview of Winding up process".

3. A notification confirming the successful submission will be sent to your Bizfile Inbox.

After you file

You can proceed to the next required filing immediately or return to it later:

1. Return to the File winding up of business entity eService.

2. File the notice of resolution.

Related pages

• Winding up a local company

• Winding up a limited liability partnership (LLP)

• Creditors' voluntary winding up: Filing a notice of resolution

• Creditors' voluntary winding up: Appointing a liquidator

• Troubleshooting guide: Filing and managing winding up