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