Winding up and Bankruptcy Petitions
Do you need to issue a Winding Up Petition or a Bankruptcy Petition?
Our restructuring and insolvency lawyers are here to help you navigate the process of issuing a winding-up or bankruptcy petition. We provide expert, strategic advice to help you achieve the best possible outcome.
We'll handle the entire process for you. From giving you initial advice on whether you have grounds to proceed to representing you at court hearings, we manage every step to make the process as smooth and stress-free as possible.
Our approach to your instruction – whether a winding up petition or a bankruptcy petition involves:
- Discussing the position so we can assess whether (depending on the nature of the debt) a winding up or bankruptcy petition is the right choice.
- As appropriate, prepare and serve a statutory demand, if required, to demonstrate the debt is owed (a statutory demand is essential if moving forward with a bankruptcy petition).
- Drafting and serving the petition correctly, following all the statutory and regulatory requirements – as set out in the Insolvency Rules.
- Ensuring the process is completed smoothly. We will arrange for a barrister from our network of trusted legal professionals to represent you at the hearing.
Should the debtor wish to discuss and settle the debt after the process has begun, we're here to help. We'll provide you with expert advice and support to ensure the settlement is properly documented and legally binding.
