Dismiss Creditors Winding Up Petitions - it's what we do!

We prevent creditors winding up petitions from succeeding against your company.

If your company has been presented or threatened with a creditors winding up petition you must act quickly without delay.  Contact us now because we can help to save your business and livelihood.

A creditors winding up petition is the beginning of a legal process to force a company into compulsory liquidation through the court. 

The presentation of a creditors winding up petition against your company must be dealt with as a matter of upmost urgency.  Any delay in dealing with a creditors winding up petition once presented against your company can immediately have very serious and disastrous consequences for the directors and the company.

If not dealt with immediately the creditors winding up petition presented against your company will become a matter of public record available to any interested party such as your bank, lenders, HM Revenue and Customs and your creditors generally. 

Usually your bank will be the first party to be informed your company has a creditors winding up petition presented against it.  Once your bank has been informed it has a legal duty to protect the company's funds from being dissipated and will immediately and without notice freeze all the company's bank accounts held.  This action will usually bring about the swift demise of your company.

Once HM Revenue and Customs is informed of the creditors winding up petition presented against your company by one of your creditors it is their usual practice to become a party to and join the same petition.  This action by HM Revenue and Customs will usually hinder any attempt to have the petition dismissed by the court.  Also, other creditors may follow in line with HM Revenue and Customs and become a party to and join the petition.  This means for the creditor's winding up petition to be dismissed and your company to be saved from compulsory liquidation the petition debt, which includes all creditors that have become a party to and joined the creditors winding up petition, will have to be fully satisfied including all related legal costs.  This option may prove to be financially unachievable for you.

Also, as directors you will need to be very careful about your actions leading up to and during the course of the creditors winding up petition being in force.  Any subsequent investigation resulting from a complaint usually by HM Revenue and Customs, a creditor or insolvency practitioner or official receiver could lead to section 212 misfeasance charges being brought against you for alleged misconduct during the course of company winding up proceedings.  This is usually when directors tend to move company assets out of the company or sell them under value during the course of its winding up.  Such actions are unlawful if done incorrectly.

Our invaluable experience in dealing with creditors winding up petitions and the movement of assets and other property means we can certainly help to save your business.  Contact us now and be sure to benefit from our expertise.  Let us help you now before it is too late.