What exactly does liquidation do for me and why would I ever consider?

I have been wondering what exactly does liquidation do in my benefit? Because my family has been bugging me to liquidate my trading business but I don’t see any upside to such movement, I don’t think it would be wise for me to let go of this business especially knowing that I wont have enough money to improve the business and yet I dont want to let it go, any thoughts?

Search other products or providers:

  • user image

    No Name

    Mate I don’t think you need not worry about how it will benefit you just as long as that trading business of yours is still working but I don’t think It would be still ideal to keep holding onto it since it doesn't have its benefits, you will mainly have to liquidate your business if you choose to give up on that business, Cheers!

    2020.03.24 15:44

    Please leave your knowledge and opinion!

    Related Forums

    How do I notify my landline provider my change of address?

    How much can foreigners borrow under the amendments to the Moneylenders Act?

    What are thee companies that offer monthly investment plans and who are the individuals who should get these plans?

    What is the cheapest sim only plan in Singapore that provides data, calls and SMS?

    What are investments in Singapore that would provide guaranteed principal and returns?

    Why should I invest my money in Singapore?

    Related Reviews

    Protection of up to 90 days for online purchases

    American Express Gold Card / American Express International

    The delivered on the promise of purchase Protection of up to 90 days when ensured reimbursement on an eligible online purchases I made with my Amex Express Gold Card. Irrespective where you buy online or shopping at the local supermarket, their Purchase Protection offers repair, replacement or reimbursement on eligible purchases made with the Card, that has been damaged or stolen within 90 days of purchase.

    5% year-round cash rebates on dining, groceries, petrol and more

    HSBC Premier MasterCard / HSBC Bank Singapore

    For me nothing beats the 5% year-round cash rebates on dining, groceries, petrol and transport (that is taxis, ride hailing, trains and buses inclusive), locally and overseas when you spend minimum S$600 per month. And the cash rebate is capped at S$150 per month. So if you don’t drive, not to worry as you can enjoy 5% cash rebate for your transportation needs, be it a taxi ride, a booking made via ride hailing apps, or trains/buses.

    Great customer service officers

    American Express Singapore Airlines KrisFlyer Ascend Credit Card / American Express International

    I have had this card for a long while. The good thing with the card is that AMEX have been waiving my annual fees which is probably why I still have the card. The pros with this card include – Great customer service officers that are friendly and will do their best to help you with prompt follow ups, direct credit of miles to your Krisflyer account, many small promos every few months with a fantastic sign up promo, no minimum spending and perfect for concert lovers as AMEX offers priority to provide tickets.

    Fantastic Rewards

    HSBC VISA Platinum Credit Card

    A 5% cash rebate on fuel purchases and a 16% instant discount is a great deal for me I must say, the HSBC VISA Platinum Credit Card indeed makes driving more fun for me as i always look forward to the 16% instant discount plus 5% cash rebate on all fuel spend at Caltex and Shell stations

    Family Package Rewards

    HSBC VISA Platinum Credit Card / HSBC Bank Singapore

    My family had a really fun time with the 10% off Siam Adventure Club Family Package Booking which came with breakfast for 2 adults and up to 2 kids with a Kids room setup in room and full access to kids activities. We even enjoyed daily evening drinks for whole family on selected menu from 5pm to 6pm.

    OCBC Frank Card offers young adults a great, no-fee way to earn cashback from social and online spend

    FRANK Credit Card / Oversea-Chinese Banking Corporation

    OCBC Frank Card stands out for its low minimum spend requirement and annual fee waiver however, it’s not a great match for consumers seeking everyday cashback. Online spend on utilities, recurring bills, and school and hospital payments are all not eligible for rebate. Dining, groceries, and other categories are also not rewarded. Ultimately, OCBC Frank Card offers young adults a great, no-fee way to earn cashback from social and online spend. OCBC Frank Card is definitely worth consideration.