Winding-Up Petition (Insolvency Rules 2016)
Publisher one
Genie AIJurisdiction
England and WalesRelevant sectors
Type of legal document
💷 Wind-up petitionBusiness activity
Wind up a companyA wind-up petition is a legal document filed by a creditor in order to force a company into compulsory liquidation. The petition is usually filed when the company is unable to pay its debts and the creditors believe that liquidation is the best way to recover the money that is owed to them.
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