Presenting a Winding-up Petition

Does a company owe you money?

Has the company accepted payment is due, but still not paid?

If “Yes” is the answer to both questions, you could present a court-issued petition to have the company wound up...

Between 2017 and 2021, Insolvency & Law worked on behalf of creditors to help secure £39m in settlements from third parties.

Call 020 7504 1300 today for a free consultation.

Speak with an independent professional who will advise you on matters such as:

Debt recovery

Formal and statutory demands

Winding-up petitions

Compulsory liquidation

Podcast

Listen to the audio clips for information on presenting a Winding-up Petition...

Request call back

*Please note that we will not share your details with any third parties.

Winding-up Petitions

Consequences of a Winding-up Petition

The Insolvency Act 1986 (section 127) forbids company directors from taking certain actions following the presentation of a Winding-up Petition. For example, directors must seek permission from the court before attempting to:

Make payments from the company’s bank account(s)

Utilise any of the company’s assets

Failure to respond to a Winding-up Petition, or obtain a validation order may result in:

The debtor company’s bank account(s) being frozen

Advertising of the petition in the London Gazette newspaper

Winding-up petition

Immediately before, during, and after the presentation of a winding-up petition are very stressful periods. Creditors / petitioners (you) should use these times to negotiate.

It’s likely that your debtor will be open to a deal to avoid their company falling into compulsory liquidation.

NEVER use a petition as a debt recovery instrument. However, you may present them upon insolvent companies that cannot pay their debts when due.

You could be one phone call away from receiving payment. Dial 0207 504 1300 now…

Winding-up Petitions

Consequences of a Winding-up Petition

Make payments from the company’s bank account(s)

Utilise any of the company’s assets

Failure to respond to a Winding-up Petition, or obtain a validation order may result in:

The debtor company’s bank account(s) being frozen

Advertising of the petition in the London Gazette newspaper

Winding-up Petition

Immediately before, during, and after the presentation of a winding-up petition are very stressful periods. Creditors / petitioners (you) should use these times to negotiate.

It’s likely that your debtor will be open to a deal to avoid their company falling into compulsory liquidation.

NEVER use a petition as a debt recovery instrument. However, you may present them upon insolvent companies that cannot pay their debts when due.

You could be one phone call away from receiving payment. Dial 0207 504 1300 now…

CALL 020 7504 1300

Call now 020 7504 1300 Monday to Friday 9am - 5pm for confidential free advice

Presenting a Winding-up Petition

Podcast

Listen to the audio clips for information on presenting a Winding-up Petition...

Request call back

Winding-up petition

Winding-up Petition

Sign up now to I&L's newsletter and receive exclusive offers

Main Services

Company

Legal

Social

Connect