How Do You Issue a Winding Up Petition?
A Winding Up Petition (WUP) is the most serious action that can be taken against a company and usually is only issued if a creditor is determined to recover an undisputed debt or put the company out of business because the debtor company is believed to be insolvent.
The creditor will issue a statutory demand, which is a formal notice giving the debtor 21 days to settle the debt. If it remains unsatisfied after that time the creditor makes an application to the High Court or a Chancery Court (a division of the High Court) District Registry to wind the company up.
If you receive a WUP, you must act quickly and should contact business expert Peter Murray on 020 7504 1300 immediately as there may still be time to discuss options such available to for the company. This does not have to be the end of the road if you wish to carry on trading .
The 79th Group- Administration Update And What It Means for You as a Loan Note Holder
Over the past few weeks, a wave of The 79th Group companies has collapsed into formal administration, putting millions of pounds of Loan Note Holders…
Read More
Who’s Behind Billy Jackson? Uncovering the Team and the Companies
Part 3- Unravelling the Team Behind Billy Jackson Executive Summary -Billy Jackson operates a network of companies heavily reliant on Loan Note investments, many of…
Read More
The 79th Group Update-What You Need To Know
Administrations, Court Cases, and What Loan Note Holders Must Know Now The financial collapse of companies within The 79th Group is rapidly entering a critical…
Read More
T&T Trustees Appoint Administrators to 79th Luxury Living Six
Are Investor Interests Being Protected? A New Twist in The 79th Group Saga Loan note holders in 79th Luxury Living Six Ltd (LL6) were recently…
Read More