18 Oct 2013
Peterborough office
48 Broadway, Peterborough Cambridgeshire, PE1 1YW
01733 346 333 01733 562 338 enquiries@hegarty.co.ukStamford office
10 Ironmonger Street, Stamford Lincolnshire, PE9 1PL
01780 752 066 01780 762 774 enquiries@hegarty.co.ukOakham office
66 South Street, Oakham Rutland, LE15 6BQ
01572 757 565 01572 720 555 enquiries@hegarty.co.ukMarket Deeping office
27a Market Place, Market Deeping, PE6 8EA
01778 230 120 01778 230 129 enquiries@hegarty.co.uk18 Oct 2013
Q. I am the owner of a company and I have been threatened by a creditor that it is going to issue a winding up petition. What can I do? I dispute that I owe this company any money.
A. It is important that you seek legal advice straight away. If a winding up petition is issued this will have a drastic effect on the business and it is likely that your bank will freeze your company's bank account. This will mean that unless you get a Court Order to allow the you to operate the account no payments will be made out of the account.. If there is a genuine dispute then there is a possibility of obtaining an injunction preventing the issue of a winding up petition. The courts will not take kindly to someone threatening to issuing a winding up petition where there is a dispute.
Kally Singh, partner and head of Insolvency
*This article was previously printed in the Peterborough Evening Telegraph
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