Client Perspectives
Candid accounts from directors, creditors, and advisors who engaged wayangcounseles during periods of financial difficulty.
Home01 — Client Feedback
Each engagement involves people under real pressure. The following reflects what clients shared, in their own words, about their experience.
"We were facing calls from creditors on multiple fronts and had no clear picture of which path was still viable. The team at wayangcounseles laid out the options plainly — no jargon, no pressure. They helped us understand judicial management before we had to make any commitments. That kind of clarity was what we needed most."
"As a director, I was worried about my own exposure after it became clear the company could not meet its obligations. wayangcounseles helped me understand exactly where my duties stood and what steps to take. The advice was practical and confidential. I came away knowing I had done what was expected of me, and documented it properly."
"We had a sizeable contract receivable stuck in the insolvency of a subcontractor and had little idea how to join the creditor process properly. The Creditor Advisory service helped us file correctly and engage at the meetings. We recovered more than we expected. I would have appreciated slightly quicker turnaround on one document, but on the whole a very solid engagement."
"The restructuring advisory helped us put together a creditor proposal that was actually credible — not just numbers we hoped would be accepted. The team understood the practical dynamics of creditors' meetings and helped us anticipate questions. The proposal passed with majority support. We are still operating today."
"We instructed wayangcounseles to advise on our security enforcement position when a borrower entered judicial management. The analysis of how our charge interacted with the proceedings was thorough. The advice informed our decision on whether to participate in the restructuring or act separately. Well worth engaging."
"As a non-executive, I was uncertain how much exposure I carried compared to the executive directors. The advisory session was calm and structured. wayangcounseles helped me understand my role and what records I should be keeping. A clear, measured conversation at a time when clarity was in short supply."
02 — Engagement Outcomes
The following summaries describe the nature of engagements handled, without identifying details. They illustrate the range and depth of matters the firm advises on.
A mid-size manufacturer with SGD 18M in unsecured liabilities faced pressure from multiple trade creditors after a key client defaulted. Directors sought counsel before engaging creditors directly.
wayangcounseles assessed solvency position, mapped creditor classes, and drafted a scheme proposal offering partial repayment over 36 months with equity participation by two anchor creditors.
Scheme passed with 78% creditor support by value. Business continues to trade. Directors avoided personal claims.
A Singapore landlord held a distress deposit and arrears claim against a retail tenant that entered provisional liquidation. The client sought advice on enforcement options versus participation in liquidation.
wayangcounseles reviewed lease terms and deposit clauses, assessed priority ranking in liquidation, and advised on the interaction between landlord statutory rights and the liquidation moratorium.
Client applied deposit against arrears before moratorium attached, preserving SGD 95,000. Filed proof of debt for remaining balance.
A founder-director continued authorising payroll and operational spending over three months while the company's cash position deteriorated. A creditor threatened personal action for insolvent trading.
wayangcounseles reviewed board minutes, financial records, and communications to assess whether director had reasonable grounds for belief in solvency. Helped compile a documented defence timeline.
Documentation supported a credible defence. Creditor withdrew personal claim after reviewing director's documented basis for decision-making.
03 — Professional Standing
wayangcounseles operates within the framework established by the Law Society of Singapore and maintains active membership of relevant professional bodies.
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