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Read moreWinding Up Petitions and Injunctions
A winding up petition can be brought against a company if it owes debts of £750 or more. Although the limit to issue a creditor bankruptcy petition was raised to £5000 in October this year the limit to issue a winding up petition has remained at £750. If a winding up…
Read moreBankruptcy Annulment and Your Business
At Abacus, we regularly act on behalf of bankrupt clients in assisting them in annulling their bankruptcy. The most common ground which we are asked to base an annulment application on is the ground under s.282(1)(b) of the Insolvency Act 1986 i.e. payment of all the debts and expenses of…
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