Rebecca Taylor – Solicitor in our Dispute Resolution department – discusses winding up petitions and statutory demands
Is the debtor company unable to pay it’s debts? When presenting a winding up petition, the most common ground relied upon by creditors is that the debtor company is unable to pay its debts. A debtor company is considered to be unable to pay its debts where: A creditor has served a statutory demand for... Read the rest of this entry →