Winding up petitions advertised increase by 10.5% in month of October. What to do if you have been threatened with one

In almost all circumstances that we get involved with in the turnaround and insolvency world

, when a creditor goes nuclear and issues a winding up petition, it is simply the fault of the company's directors and management they fail to act and keep thinking that muddling on will save the day. Remember when a creditor issues a petition, because you have failed to take action, you have already started to cede control of your company to other people and the Court system. Is it really worth taking the risk? Or would getting free initial professional insolvency advice be the smart choice?

Winding up petitions advertised increase by 10.5% in month of October. What to do if you have been threatened with one

By: Keith Steven

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