Forum
Last updated: 

My business is going down. Now what?

I have been working on my business for a long time, I have been trying to maintain this business on a level that will satisfiy the consumers. Maintaining the our account is a hard task for me to accomplish. Now I have to close it. It is hard to close something you have strive for. Where will my other finance go?

User comments

  • user image

    No Name

    Some businesses tend to liquidate especially when the business is not going well. Some businesses can keep up to the demand of the economy but some businesses can not cope up. It is hard for them. Most of those businesses that tend to close, their bank accounts are being liquified to the financial debt that they owe.

    2020.03.24 15:44

Please leave your knowledge and opinion!

Related Forums

Which of my assets can be part of my bankruptcy estate?

What are the ways to get our of bankruptcy?

What rules should I keep in mind when filing for bankruptcy?

Can the bank pay my insolvent?

Can fraud be an applicable case towards me if I were to file fraud for an individual who claimed my checks?

What would happen to my assets and my debts if I pass away?

Related Reviews

Face to face verification via live video call rather than visiting a branch

I think it is more seamless if we could have a face to face verification via live video call rather than having to travel all the way since the idea is convenience anyway. The direct bank to card transfer was good but they could consider including wallet to bank as well. It would also be nice if they include multiple currencies for multiple wallets with attractive packages for Malaysia especially since other wallets/banks don’t have Malaysia. I would also fancy if they ensure that the interface updates promptly especially for remaining balance and suspended cards and include any charges upfront before users make payments

FlexM / FlexM

No refunding from wallet if there is an error in the process of toping up an amount

This platform provides zero flexibility of refunding from wallet if there is an error in the process of toping up the amount. Been told by Customer service that the only way is to terminate the account and the refund will be credited after 2 weeks. The UI as well have to be clear at the home screen on which default payment mode are we on as I've been told that the payment mode might switch every time after updating the app

NETSPay / Electronic Transfers Singapore

Convinence using the App to search for great deals nearby

FavePay is the new kid on the block somewhat, yet they’ve been growing aggressively. Fave Pay is now available not only in Singapore but also in Johor Bahru, Kuala Lumpur, Penang, Jakarta, Bali and other Malaysian and Indonesian locations.The main thing that sets FavePay apart from the rest is that they offer generous deals and cash back at many of the merchants on their list and you can even use the app to search for deals nearby. Rather than shopping and retail, Fave Pay is focused on dining and experiences, and their merchant selection reflects that

FavePay / Fave Group

You don’t need to top up credits to send a transfer

OCBC PayAnyone works in the same way as DBS PayLah. The main difference however, is that while you can still register an account with DBS PayLah without a DBS/POSB account, OCBC Pay Anyone is connected to your bank account so you need an OCBC account to use Pay Anyone. The transactions are then credited to and deducted from OCBC savings or current accounts. You don’t need to top up credits.The good thing is that the recipient you are sending money to via Pay Anyone doesn’t need the app to receive the funds. They will receive an email link whereby they can click and key in their bank information to receive the money. However, if you already bank with OCBC, you will have the option of using OCBC PayAnyone to directly pay from your OCBC savings or current accounts.

OCBC Pay Anyone / Oversea-Chinese Banking Corporation

The most common and easiest, method for person-to-person payments

The most common, and easiest, method for WeChat payments is person-to-person. The person to whom you’re sending money must already be a WeChat friend of yours. You start by composing a message to them and then add a “transfer” to them. When you click on the “transfer” button, you’ll be asked how much money you want to send to them. Enter an amount in RMB. You’ll then be asked to enter your password. Do that, and you’ll see a reddish-orange “transfer” icon appears.The recipient will see this in their WeChat app, and will then have to accept the transfer. Once they do, they will receive it.

WeChat Pay / Tencent Holdings

Dash all the way from Singapore to Thailand

Singtel Dash is an e-wallet, so once you download the Singtel Dash app and log in, you can top up your dash account. It also works as a virtual visa account, so the account comes with its own unique 16-digit Dash Visa virtual account number and security code. Singtel Dash is can be used in Thailand in as well as in Singapore, making it more attractive to Singaporeans who frequently travel to Thailand. The app also lets you transfer money to another account, remit money overseas and, if you have an NFC-enabled phone, tap in and out of train and bus rides.

Dash / Telecom Equipment