How to obtain winding-up orders and petitions in 2022

By admin | 27/05/2022
Advice and guidance on the serving, issuing, and obtaining of winding-up petitions and orders

Following the lifting of the Government’s CIGA 2020 restrictions last month, creditors are once again free to present winding-up petitions to insolvent companies that owe £750 or more. Subsequently, we thought you’d like some tips and advice on how best to utilise winding-up orders and petitions in 2022. You should move swiftly against any company…

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Laws for winding up orders need more clarity

By admin | 12/09/2021
New measures for the issuing of winding up petitions unclear

Entrepreneurial small business owners should be overjoyed with Government plans to increase the debt threshold for winding-up petitions to £10,000. The move is in harmony with new protections and laws designed to support businesses. Temporary measures introduced last year under CIGA 2020 will be replaced from 1 October to 31 March 2022. Subsequently, more debtor-friendly…

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