Winding Up A Company - Part 1

If your business owes more than £750 in debt, and a creditor can prove that you cannot repay this amount, the creditor can apply to the Court to wind up your company. To try and assist struggling businesses a result of the pandemic, the Government incorporated special measures in to our laws; new legislation that was introduced on 1 October 2021, which will be in place until 31 March 2022, will protect businesses that are in debt from being forced to wind up and close down. What can you do if someone/a company petitions to wind up your company? How can you reverse a court petition, if you are able to repay your debts? Do not miss out on listening to our host Hatti Suvari in conversation with Barrister Matthew McGhee giving you the answers to these questions, and the top tips that you should know!#windinguppetition #courtpetition #governmentsupport #legallearning #getlegallyspeaking Hosted on Acast. See acast.com/privacy for more information.Learn more about your ad choices. Visit podcastchoices.com/adchoices

Om Podcasten

A BIG warm welcome to the multi award-winning podcast, Get Legally Speaking, the UK's No.1 consumer podcast bringing you jargon free legal knowledge to empower you every-day! Do not miss out on listening to over 160 episodes, giving you hot tips and tons of free information on a variety of topics, in plain and simple English. We are not taught the law anywhere, and our episodes help you to understand and navigate everyday life, covering everything from your rights when shopping, as a tenant or a landlord, divorce, children/family disputes, navigating issues as a employee or an employer, building or neighbourly disputes, bringing you interesting and useful life hacks and much MUCH more! With over 5 million downloads, I, Hatti Suvari the founder of this revolutionary podcast, get chatting to the best legal minds in the business, bringing you the answers that we all NEED to know, stripping down the legal speak and making legal knowledge understandable and accessible to everyone. Don't forget to follow us on TikTok, Instagram and Facebook to get access to over 1,000 amazingly informative 60 second reels!