Tag: winding up petition
Busted – Top 5 Debt Recovery Myths
Debt Recovery is the process of making individuals and businesses pay debts which are overdue, or which are disputed. What can and cannot be done in respect of collecting debts is often misunderstood by both debtors and creditors. Francesca Damario from the Debt Recovery team at Cognitive Law busts some of the most common Debt... Read more »
Director fails to convince Court that a Winding Up Petition should be restrained for Covid-19 reasons
In Shorts Gardens LLB v London Borough of Camden Council [2020] EWHC 1001 (Ch) the court found that the director’s application to restrain a winding up petition was without merit. The case involved winding petitions presented by two Councils against two organisations which were connected in relation to unpaid business rates. There had been a... Read more »
How should a Director deal with a Statutory Demand served on their company?
One of the most serious documents a company director can receive is the service of a statutory demand. Whatever the director’s opinion is of the person serving the demand or of the debt being claimed action needs to be taken as a matter of urgency. The options open to the company to deal with demand... Read more »