Winding Up Petitions Increase, But Are They Being Served Correctly?

By Las Oke | 30/11/2010

Winding up petitions issued by creditors against firms based in Central London increased by 39 per cent in October 2010 compared with 10.5 percent in the rest of the country, a new study has revealed. The increase is simply a reflection of the government cutbacks and will probably continue throughout 2011. It’s also evidence that…

Read More

How Do You Issue a Winding Up Petition?

By Las Oke | 05/08/2010

A Winding Up Petition (WUP) is the most serious action that can be taken against a company and usually is only issued if a creditor is determined to recover an undisputed debt or put the company out of business because the debtor company is believed to be insolvent. The creditor will issue a statutory demand,…

Read More

How Are Winding Up Petitions Dismissed and Withdrawn?

By Las Oke | 22/06/2010

Cardiff City Football Club was celebrating last week after having their winding-up petition dismissed at the High Court.The Bluebirds settled their £1.9m tax bill with Her Majesty’s Revenue and Customs (HMRC) on Wednesday following seven months of financial turmoil.

Read More