Winding Up Petition

[D1ckie]

After some advice

Can you apply for a winding up petition against a company even if they are solvent, just not paying their debt?

Thanks

[Europa1]

From memory you need to serve a statutory demand first; if that goes unpaid, then you can move onto proceedings.

[jonamv8]

Europa1 said:

From memory you need to serve a statutory demand first; if that goes unpaid, then you can move onto proceedings.

also my understanding

Used it 3 times to great effect

[So]

D1ckie said:

After some advice

Can you apply for a winding up petition against a company even if they are solvent, just not paying their debt?

Thanks

Yes, basically, providing the debt isn't disputed.

[williaa68]

https://www.insolvencydirect.bis.gov.uk/technicalm...

Here you go - stat demand for >£750. It can be a very effective debt collection technique but it can also be expensive if they company just let themselves fail