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Winding Up Orders now used as Debt Collecting Tools
Historically, winding up was initiated by a creditor because they believed that a company was not able to pay its debts. Over the past 12 to 18 months I have seen more and more creditors using winding up petitions to force creditors to pay outstanding debt.
What are the implications of a Winding Up Petition
If you receive a Winding up Petition, this could have very serious consequences for both you and your business. It is therefore very important to understand what a Winding up Petition is and the implications of receiving one.
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