Published: 24/01/2022 By Jane PriceIf a limited company cannot pay its debts it can be liquidated or wound up by the people or the organisation the company owes money to. This is done by filing a petition at Court, otherwise known as a Winding Up Petition.
If your company has received a formal demand for payment, you should seek advice from a solicitor or Insolvency practitioner as soon as possible.
We know it can be worrying times therefore we have put together this short video on the repercussions of liquidation and how a Winding up petition works.
Winding Up by the Court by Turpin Barker Armstrong
If you would like to talk about liquidation or a Winding Up Petition call us today. All your options will be explained and all meetings are confidential and require no commitment to any proposals we suggest.
Call 020 8661 7878 or email firstname.lastname@example.org