ISSUING AND RESPONDING TO WINDING UP PETITIONS
A Winding Up Petition is a court order that forces an insolvent company into Compulsory Liquidation.
Although a petition should never be abused as an instrument of debt recovery, it can be issued against insolvent companies, customers, and or debtors who are unable to pay debts when they’re due.
When used in insolvency proceedings, a winding-up petition is a very serious instrument. I&L helps creditors recover payments from long-overdue invoices, and informs company directors how to protect themselves against personal liability claims. Call 020 7504 1300 now for free and confidential advice…