Winding-up petitions can be used for the recovery of debts from a limited company.
Winding-up petitions are a measure of last resort as the costs are relatively high and in the event of a winding-up order being made you may not recover your costs.
Their clear advantage as a recovery tool is that they place the ultimate pressure upon the debtor company to make payment.
Winding-up petitions are generally brought in relation to higher value debts and should not be used where the debt is disputed.
We will agree a fixed fee for issuing and progressing the winding-up proceedings.
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