Brown Turner Ross

Winding Up Petitions

When should you consider issuing a Winding-up petition?

They are used to recover debts from a Limited Company in much the same way as a Bankruptcy petition is used against an individual who owes you money.

Winding-up petitions – Key Facts

• they are usually a last resort because the cost involved is relatively high
• even if a winding-up order is made you may not recover your costs
• they are more appropriate for higher value debts
• they should not be used in respect of disputed debts
• the advantage of a Winding-up petition is that they put your Debtor Company under significant pressure to make payment. And avoid the Petition being advertised

You will benefit from our

• issuing the Petition and arranging personal service
• advertising the Petition
• arranging for you to be represented at Court for the final Hearing
• acting on your behalf with the Insolvency Service or Liquidator

You can rely on us to

• learn about your business
• understand the relationship history with your Debtor Company
• advise you as to all your options
• take account of the need not to throw good money after bad
• take the best action available to recover your debt based on Fixed Fees