Within seven days of a winding up petition it is possible to:
- Pay the debt, dispute the debt, propose a CVA or a Company Administration.
Once a winding up order has been issued the options are:
- Within 7 days of the winding up order, an application can be made for the court to cancel (rescind) the winding up order if the court did not have all the relevant facts when making the winding up order
- Within 4 weeks of the winding up order, submit an appeal against it. The court can cancel (rescind) the winding up order or otherwise modify its decision.
- Any time after a winding up order is made, liquidation can be stopped (stayed), permanently or temporarily, on the application of the liquidator, the official receiver, a creditor or a shareholder.
Call 0121 201 1720 for immediate compulsory liquidation advice & help.