Rising To The Challenge: Taking On A “No Hope” Defence Of A Winding-Up Petition
We acted for a limited company facing potential liquidation. This came after HMRC had issued Insolvency proceedings for unpaid tax.
HMRC alleged the company had deliberately avoided tax and defaulted on payments. Based on these allegations, HMRC issued a winding-up petition and the company’s bank accounts were immediately frozen.
Our client had already sought help from another law firm. Their advice had not been promising. There were no prospects of contesting the insolvency action and the company should be liquidated.
But our client – one of the directors – wished to fight for his company. So he came to us for a specialist opinion.
How We Helped
Coming in at a late stage, time was of the essence but our expert lawyers were able to get up to speed quickly. They latched onto the key facts and identified a killer point.
HMRC had made a number of errors and false allegations.
Our client instructed us to robustly defend the winding-up petition.
In the meantime, the company needed to continue to trade. So we immediately made an interim application for a Validation Order.
That application succeeded. But our success didn’t end there. Before the main court hearing of the winding-up petition, we negotiated a satisfactory settlement for our client.
What We Achieved
At Altion Law we advise on all aspects of the company winding-up procedure. The court process is often complex and must be carried out according to strict statutory provisions.
Our client was extremely satisfied with our legal advice and the action we took on the company’s behalf in court.
Thanks to our involvement, the winding-up petition was dismissed and our client’s company was able to continue operating successfully again.
“Well done. FIRST CLASS SERVICE. I will recommend your company to my clients.”
A happy client we helped
Is Your Company Facing A Winding-Up Petition?
Contact us today for a confidential, no-obligation discussion of your situation and the options available to you.