May 13
London Construction Firm Ceases Trading After Winding-Up Petition
The presentation of a winding-up petition under section 122(1)(f) of the Insolvency Act 1986 is the most powerful debt enforcement tool available to a creditor in England and Wales, and its consequences are felt immediately, long before any court order is made. Upon advertisement in the London Gazette, banks routinely freeze company accounts, section 127 of the Insolvency Act 1986 voids…
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