INSOLVENCY & LAW
Wind Up a Company if it Cannot Pay its Undisputed Debt
What is a Winding-Up Petition?
A winding-up petition is used when a company is unable to pay its debts. It is filed by a creditor when a debt of £750 or more is undisputed.
Once a petition is issued, it can have serious consequences for the company, including potential freezing of bank accounts and restrictions on business operations. If a Winding Up Order is granted, the company will be placed into compulsory liquidation.
Winding-up petitions are a legitimate course of action when a company is unable to meet its financial obligations, providing creditors with a clear legal remedy.
How Insolvency & Law Can Assist
At Insolvency & Law, we have 16 years expetience filing Winding Up Petitions. Every debt is assessed on its own merits, ensuring that the most appropriate action is taken.
Review
We conduct a detailed assessment to determine whether a winding-up petition isthe right option.
Prompt Action
When a decision is made to wind up a company, our team takes promptaction within 24 hours.
Expertly Handled
Our team will handle everything, including securing payment, dealing with responses as well as drafting, pleading and serving the petition.
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Contact Us to Take Action Now on
0207 504 1300
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