Practical answers on winding-up petitions, statutory demands, HMRC arrears and director duties, written by our legal and accounting team and referenced to the underlying legislation.
A winding-up petition has been presented against your company. Here is what the document means, which deadlines run from service, and the order in which to act.
Advertising in The Gazette is the moment a petition becomes public, and it is usually what triggers a bank freeze. Here is how the timetable works and what can still be done.
HMRC is the most common petitioner in the UK. What it can do, how a Time to Pay arrangement works, and where directors carry personal exposure.
A statutory demand is not a judgment, but ignored it becomes evidence that the company cannot pay its debts. The 21-day window and the grounds for challenging it.
When a company is in financial difficulty a director's duties shift towards creditors. What that means in practice, and the decisions that later attract personal liability.
Once a petition is presented, payments out of the company's account can be void without the court's permission. How a validation order works and how to apply.
Every guide is general information about the law in England and Wales, reviewed by our team, and is not a substitute for advice on your own circumstances.
Send us a few details and one of our team will come back to you, usually the same working day. A free initial consultation carries no obligation.
Your details are used only to respond to your enquiry. See our privacy policy for how we handle your information.