Winding Up Petition

How To Stop A Winding Up Petition; Options 

Licensed Insolvency Practice | Competitive | National

Winding Up Petition

A winding up petition is significant legal action that can jeopardise company continuity.  Left unchecked, the outcome of a winding up petition is compulsory liquidation.   A licensed insolvency practitioner  like ourselves, can help to start or urgently stop a winding up petition.

Winding Up Petition advice & action

The winding up of a company:

Before a winding up petition can be issued a creditor that is owed £750 upwards may send a payment demand letter or serve a statutory demand asking for repayment of the company debt.  If the company debt remains unpaid and the creditor believes the company insolvent, there are then grounds for a winding up petition and subsequent winding up order.  In closing a company (liquidation), creditors have the chance to recover their debt as any assets are sold and the proceeds distributed.


Winding up petition options / how to stop a winding up petition: 

Explore the following winding up petition options; having first bought some time with a court adjournment (call 0121 201 1720).  

The options available and consequences of a winding up petition very much depend upon the speed with which action is taken and the company's circumstances.  As part of the winding up process, bank accounts will likely be frozen once a petition is advertised in the London Gazette to protect unsecured creditors. 

Winding Up Petition advice & action 0121 201 1720

How Can We Help?
Our advice is free & our national services competitive. Call 0121 201 1720, chat online or contact us below. We are always ready to help.
Contact Us