September 18th, 2018 / Insight posted in Newsletters

Recovery Matters – Autumn 2018

Companies facing winding up proceedings

Ian Robert, partner at Kingston Smith & Partners LLP, welcomes you to the Autumn edition of Recovery Matters.

Companies struggling to pay their creditors in a timely manner might be presented with a winding-up petition. With the right advice, this situation can be managed properly and sensitively.

A winding-up petition is a legal notice put forward to ‘petition’ the Court to compulsorily wind up the company.