Winding-up petitions are used for the recovery of debts from a limited company.
Winding-up petitions are a measure of last resort as the costs are relatively high and in the event of a winding-up order being made you may not recover your costs.
Their clear advantage as a recovery tool is that they place the ultimate pressure upon the debtor company to arrange payment.
- generally applying only to higher value debts
- will consider if a formal Statutory Demand is required
- the process should not be used in respect of disputed debts
- issue of petition and arranging personal service
- advertising petition
- attendance at court for final hearing
- liaising with Insolvency Service/Liquidator
We agree a fixed fee in relation to our service for issuing winding-up proceedings.
Debt recovery solicitors
To arrange a discussion with a debt recovery solicitor click here or call us on 0800 840 4929.
