Expert Solicitors in winding up petitions | Chadwick Lawrence Yorkshire
A creditor of a company can apply to the Court to close or wind up a company if it can’t pay its debts as and when they fell due – which must be more than £750.
A winding up petition is an extremely serious action – and if not dealt with properly can have serious consequences for a company that has had one presented against it.
A winding up petition could result in a company’s bank accounts being frozen or the company being wound up.
If you are considering presenting a winding up petition or you have been threatened or served with one please contact one of our experts as a matter of urgency for a free, no obligation meeting to discuss your circumstances and the options available to you.