Winding Up Petitions
Advice on company winding-up petitions and disputed company debts from Sanders Witherspoon solicitors in Billericay, Essex.
About Winding Up Petitions
A winding-up petition asks the court to place a company into compulsory liquidation. It is a serious insolvency step, not simply another method of collecting an invoice. The statutory grounds, any dispute over the debt and the likely position of other creditors require careful assessment.
Key Points
- Check the company identity and evidence of the debt.
- Consider whether the debt is genuinely disputed.
- Assess petition costs and the risk that creditors receive little or nothing.
How We Can Help
We explain whether a petition is an appropriate option and the procedural requirements involved. If a petition is threatened or served, we review the basis of the demand and the urgent steps that may be needed to protect the company's position.
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