If this sounds like you
I have received a winding-up petition
A winding-up petition can create immediate legal, banking and trading consequences.
You may recognise this
- A petition or hearing notice has arrived.
- The company bank account may be at risk of restriction.
- Other creditors may become aware of the petition.
What to do now
- Treat this as time-critical and note the hearing and advertisement dates.
- Contact an appropriately qualified solicitor or licensed insolvency practitioner immediately.
- Protect all documents and avoid unusual transactions.
What to avoid
- Relying on informal promises that the petition will be withdrawn.
- Making dispositions without specific advice.
- Waiting for the hearing before acting.
Useful information to gather
Do not wait for everything to be perfect. Start with what is readily available.
- Petition and supporting documents
- Hearing and advertisement dates
- Banking, creditor and dispute records
Why timing matters
Earlier action can preserve time, information and choice. Waiting for certainty can allow cash, legal or creditor deadlines to decide the next step for you.
Would you like to talk about this?
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Related next steps
This page provides general information, not advice about your company or personal position. Formal deadlines may require immediate advice from a solicitor or licensed insolvency practitioner.