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Winding up petitions involve asking a court to formally dissolve a company that cannot pay its debts. In practice, a solicitor handles the evidence that a company is insolvent, prepares the petition and supporting documents, serves notices on the company, and organises the court bundle for the High Court or county court. The solicitor may coordinate with the Official Receiver or a licensed insolvency practitioner if liquidation follows. The process aims to enforce creditor rights and secure a controlled exit for the company.
Winding up requires navigating statutory criteria, gathering financial evidence, and managing petitions, affidavits, and court orders. The solicitor’s role includes preparing the petition under the Insolvency Act 1986 and Companies Act 2006, liaising with the court, serving notice on the company, and coordinating with insolvency professionals to implement liquidation or dissolution.
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Tagged solicitor Rebecca Geldard
All of the members of the Walker Foster team that I have dealt with were completely professional and supportive of my requirements. I was provided with sound advice and cannot recommend them highly enough.
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