Exploring the Winding-Up Petition: What It Means for Your Business

September 1, 2023 ⚊ 1 Min read ⚊ Views 48 ⚊ BLOG

There is no denying that if your company receives a winding-up petition, this isn’t something that can just be ignored. A winding-up petition is a serious statement of intent which has been sent by a creditor and threatens to shut down your company because you have debts which are yet to be paid. If a winding-up petition goes through then the company will be closed via the liquidation route. This is serious as it is the strongest action that a creditor can take against your business.

Read details: https://www.simpleliquidation.co.uk/exploring-the-winding-up-petition-what-it-means-for-your-business/

Tags: liquidation, Simple Liquidation

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