When does winding up become public

When does winding up become public

Postby paulsm » Wed May 12, 2010 11:16 am

I understand that when my company gets wound up it will be made public.

When in the process does this happen - and where will it be made public.
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Re: When does winding up become public

Postby Derek Cooper » Tue May 18, 2010 5:10 pm

Hello Paulsm

Winding up is the process that a creditor uses to force a company to close. The creditor will first apply for a winding up petition. If this is granted, it will be made public in the London Gazette. This normally happens 2-3 weeks after the winding up petition has been issued.

Once the petition has been listed in the Gazette is is public knowledge and following this it is highly likely that the company's bank account will be frozen.
Derek Cooper - Corporate Debt Expert

Derek has worked in corporate insolvency and financial restructuring for 15 years. Derek can be contacted for an informal discussion at derek.cooper@coopermatthews.com or visit http://www.coopermatthews.com
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