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1 The Basics: How to wind up a corporate debtor - Gowling WLG
https://gowlingwlg.com/en/insights-resources/articles/2019/how-to-wind-up-a-corporate-debtor/
Winding up is also known as compulsory liquidation. It is action taken by creditors of the company which (if successful) will result in the ...
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2 Winding Up Petition: Guide and Advice - Company Debt
https://www.companydebt.com/winding-up-petitions/
A winding up petition (WUP) is the legal mechanism by which a business creditor, who must be owed over £750, starts the court process to ...
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3 What Does a Winding up Petition Mean for Us? - AABRS
https://www.aabrs.com/services/advice/what-is-a-winding-up-petition/
A winding up petition is a way by which an unpaid creditor can petition the courts to force an insolvent company into compulsory liquidation ...
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4 Winding up - ACCA Global
https://www.accaglobal.com/gb/en/student/exam-support-resources/fundamentals-exams-study-resources/f4/technical-articles/winding-up.html
There are two ways in which a company may be wound up: by the company voluntarily (voluntary winding up), or by the court (compulsory winding up.
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5 Wind up a company that owes you money: Overview - GOV.UK
https://www.gov.uk/wind-up-a-company-that-owes-you-money
You can apply to the court to close or 'wind up' a company if it cannot pay its debts. This is also known as compulsory liquidation. To wind up a company you ...
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6 April Fools: Winding Up Petitions Set to Increase, Is this a ...
https://www.restructuring-globalview.com/2022/04/april-fools-winding-up-petitions-set-to-increase-is-this-a-wind-up/
From today (1 April), creditors can present a winding up petition without (a) having to give 21 days to the debtor company to make proposals ...
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7 Winding Up a Business - Explained
https://thebusinessprofessor.com/business-governance/winding-up-definition
Winding up takes place when an organization or a company dissolves. At the time of winding up, a firm fails to perform its operations like ...
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8 Winding-up a company that owes you money
https://www.economy-ni.gov.uk/articles/winding-company-owes-you-money-0
A winding-up petition is usually presented by a creditor on the grounds that the company cannot pay its debts, and this has to be proved in the Court.
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9 What is a Winding Up Petition and Can My Company Stop It?
https://www.realbusinessrescue.co.uk/winding-up-petition
A winding up petition is an extremely serious statement of intent by a creditor in shutting down your company due to unpaid debts.
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10 WINDING UP APPLICATIONS – maximisecapital
http://maximisecapital.com/winding-up-applications/
A Notice of Winding Up is issued to the registered office of a company when a creditor has filed in Court an Application to wind up a company.
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11 Winding Up | Debt Recovery Lawyers | Parramatta
https://www.matthewsfolbigg.com.au/services/debt-recovery/winding-up/
To commence winding up proceedings, a creditor does not need to hold a judgment against a debtor. Instead, a creditor can simply issue a Creditor's ...
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12 Winding up a Company that owes you Money - Stonegate Legal
https://stonegatelegal.com.au/winding-up-a-company-that-owes-you-money/
Winding up a company that owes you money · If the debtor company is unable to pay its debts when they are due it is likely insolvent. · Are you ...
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13 About Liquidation or Winding Up - Insolvency Office
https://io.mlaw.gov.sg/corporate-insolvency/about-liquidation-or-winding-up/
The rights of the secured creditor to deal or realise security over company assets are not affected by the winding up order. However the secured creditor is not ...
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14 BUSINESS ORGANIZATIONS CODE CHAPTER 11. WINDING ...
https://statutes.capitol.texas.gov/Docs/BO/htm/BO.11.htm
(8) "Winding up" means the process of winding up the business and affairs of a domestic entity as a result of the occurrence of an event requiring winding up.
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15 Creditor's winding-up petition: procedure | Practical Law
https://content.next.westlaw.com/practical-law/document/I33f12efde8cd11e398db8b09b4f043e0/Practice-note-Creditor-s-winding-up-petition-procedure-Paying-the-fees-and-deposit?viewType=FullText&originationContext=document&transitionType=DocumentItem&ppcid=c9a1b0586d5546fab5de55ddbf15eaf8&contextData=(sc.DocLink)
A practical guide for any creditor seeking to have a company registered in England and Wales wound up (also known as put into compulsory liquidation) on the ...
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16 Wind up a company that owes you money - mygov.scot
https://www.mygov.scot/wind-up-company
If you're owed less than £750 · raise a court claim to try and recover the debt · submit a winding up petition together with another creditor – if ...
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17 Company winding up - Singapore Courts
https://www.judiciary.gov.sg/civil/company-winding-up
Compulsory winding up · The company owes its creditor more than $15,000. · The creditor tries to execute or enforce a judgment against the company but is unable ...
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18 Winding up an insolvent company - ASIC
https://asic.gov.au/for-business/closing-your-company/deregistration/winding-up-an-insolvent-company/
If an insolvent company is not voluntarily wound up, a creditor of the company can apply to the court to wind up the company and appoint a ...
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19 How to Wind Up a Company - DBL Solicitors
https://www.dbl.com.au/how-to-wind-up-a-company/
A creditor of a company can make an application to the court for orders winding up the company if it is insolvent. The most common basis for such an application ...
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20 How does the winding up petition process work? - The Gazette
https://www.thegazette.co.uk/insolvency/content/101087
A winding up petition (WUP) is a legal action taken by a creditor or creditors against a company that owes them money (although others can ...
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21 Statutory demands and winding up applications | Practical Law
https://uk.practicallaw.thomsonreuters.com/w-020-6825?originationContext=knowHow&transitionType=KnowHowItem&contextData=%28sc.Default%29
A creditor of a company can apply to court to wind it up immediately if the company fails to comply with a statutory demand (or take certain other limited ...
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22 Who may petition and grounds for winding up
https://www.insolvencydirect.bis.gov.uk/freedomofinformationtechnical/technicalmanual/ch37-48/chapter45/part2/part_2.htm
The official receiver may petition for the winding up of a company where it is being wound up voluntarily and he believes that the proceedings are being carried ...
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23 I've just received an Application for Winding Up - What now?
https://gibbswrightlawyers.com.au/publications/application-for-winding-up
A pre-requisite for filing an application for winding up is that the debtor company must have failed to comply with a creditor's statutory demand that has ...
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24 Winding up by Court - CRO
https://www.cro.ie/Termination-Restoration/Company/Winding-Up/Court
A company can be wound up by the High Court at the instigation principally of any member or creditor of the company. The Court appoints the liquidator and ...
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25 Winding-up and Restructuring Act ( RSC , 1985, c. W-11)
https://laws-lois.justice.gc.ca/eng/acts/w-11/fulltext.html
139 (1) The money deposited in a bank by a liquidator after the final winding-up of the business of a company shall be left for three years in the bank, subject ...
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26 What is a Winding Up Petition by HMRC or Other Creditor
https://www.companyrescue.co.uk/guides-knowledge/what-is/winding-up-petition/
A winding up petition is a legal notice put forward to the court by a creditor. The creditor petitions to the court if they are owed more than £750 and it ...
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27 Simple Guide on Compulsory Winding-up of Companies
https://www.oro.gov.hk/eng/our_services/publications/compulsory_winding_up_of_companies/simple_guide_on_compulsory_winding_up_of_companies.html
4.1Generally, the winding-up of the company by the court shall be deemed to commence at the time of the filing of the petition for winding-up. ... (b)the company ...
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28 Liquidation - What does it mean to wind up a company?
https://www.rocketlawyer.com/gb/en/quick-guides/insolvency
Liquidation, also known as 'winding up', is often considered as the last resort after attempting other insolvency procedures, such as CVA or administration.
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29 Winding-up of a Company - GovHK
https://www.gov.hk/en/business/supportenterprises/businesstopics/windingup.htm
The term “winding-up” (or “wound-up”) bears a similar meaning of “liquidation”. It generally means that all the assets of the company would be realised (sold ...
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30 Winding Up Procedures - LC Lawyers - Lovegrove & Cotton
https://lclawyers.com.au/elibrary/winding-up-procedures/
A “wind up” will crystallise a termination (in most standard building contracts), and the creditor is then plunged into a throng of other creditors. Once ...
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31 Wind-Up Notice - Dissolve Company Liquidators
https://www.dissolve.com.au/information-centre/wind-up-notice/
Warning! This action means the creditor is serious about getting the debt paid. If your company doesn't pay the debt in the 21 days the creditor can go ...
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32 What is the Winding Up Petition Process? - Shergroup
https://shergroup.com/post/what-is-the-winding-up-petition-process/
Winding up petition or liquidation are the last resorts available to the creditor to retrieve the failed debts, so it is only considered when all the other ...
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33 Corporations Information Sheet 1 - Federal Court of Australia
https://www.fedcourt.gov.au/law-and-practice/guides/corporations-guides/information-sheet-1
1.1 A creditor of a company can make an application to the Court under s459P of the Corporations Act for orders winding up the company in insolvency under ...
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34 Threat To Wind Up Where There Is No Dispute of a Debt
https://www.mjdsolicitors.com/practice-areas/debt-recovery/threat-to-wind-up/
to dispute the debt? A very useful tactic is to write to the debtor advising that as the debt is undisputed then unless it is discharged within, say, 3 days ...
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35 Winding-Up Petitions Against Debt Collector Companies
https://www.natlawreview.com/article/april-fools-winding-petitions-set-to-increase-wind
creditors can present a winding up petition without a. having to give 21 days to the debtor company to make proposals to pay, ...
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36 Disputing a Winding Up Petition - Nelsons Solicitors
https://www.nelsonslaw.co.uk/corporate-and-personal-restructuring-and-insolvency/disputing-winding-up-petition/
A winding up petition (often referred to as a WUP) is a debt recovery action that can be taken by a person or company (the creditor) against a company (the ...
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37 Application for compulsory winding-up - MyLawyer
https://www.mylawyer.co.uk/application-for-compulsory-winding-up-a-A76065D32957/
Compulsory liquidation (or winding-up) of a company is a court-based procedure, begun by the presentation of a winding-up petition to court usually by a ...
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38 How to wind up a partnership - GOV.UK
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/303959/Dealing-With-Debt-How-to-Wind-Up-A-Partnership.doc
Bankruptcy petition - A request made (by the debtor or by a creditor) to the court for the debtor to be made bankrupt and giving the reasons why. Insolvency - ...
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39 Can you wind-up a company when the debt is disputed?
https://www.lexisnexis.co.uk/legal/guidance/when-can-you-wind-up-a-company-when-the-debt-is-disputed
How the court addresses winding-up proceedings where the debtor company is balance sheet solvent, but where a debt is due; Circumstances in ...
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40 Liquidation - Malaysian Department of Insolvency
https://www.mdi.gov.my/index.php/home/faqs/liquidation
Liquidation. 1. What is liquidation or winding-up of a company? ... It is a document that states the amount of debts owing by a company to a creditor.
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41 RESTRUCTURING AND INSOLVENCY IN HONG KONG
https://www.lw.com/en/insights/2020/09/ALB-asia-insolvency-restructuring-handbook-hong-kong-2020
During a debtor's insolvency, unsecured creditors can no longer enforce any ... A creditor should not present a winding-up petition if the debt is genuinely ...
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42 Winding Up Petition | Lawyers, London ▷ Summit Law
https://www.summitlawllp.co.uk/for-business/corporate-insolvency-lawyers/winding-up-petitions/
A creditor can apply to the High Court to wind up a company that owes it money. Usually, the creditor will appoint a solicitor to help it do this after ...
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43 Winding Up - Uganda Registration Services Bureau
https://ursb.go.ug/liquidation/winding
Winding up is the process of dissolving a business by selling off its assets and satisfying the creditors from the proceeds of the sale. A company may wind up ...
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44 What is a Winding Up Order and can it be reversed once ...
https://www.begbies-traynorgroup.com/articles/insolvency/what-is-a-winding-up-order-and-can-it-be-reversed-once-issued
If your company has been threatened with a winding up order, your creditor will have lost faith in your ability to pay, and wants to recover ...
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45 Creditor's Guide to Winding up Petitions - Insolvency & Law
https://insolvencyandlaw.co.uk/creditors-guide-to-winding-up-petitions/
It's likely that your debtor will be open to a deal to avoid their company falling into compulsory liquidation. NEVER use a petition as a debt recovery ...
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46 A major development of the creditors' winding up regime in J
https://www.collascrill.com/news-updates/articles/a-major-development-of-the-creditors-winding-up-regime-in-jersey/
Currently, the only creditor-driven insolvency process for a Jersey company are désastre proceedings, where the Viscount (the head of the ...
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47 Winding-Up Procedure
https://windinguppetitionsolicitors.co.uk/winding-up-procedure/
Typically a creditor asks a solicitor to wind the debtor company up to recover debts which exceed £750, or to stop the company making its debts worse.
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48 Restrictions on winding-up petitions: beginning of the end
https://www.macfarlanes.com/what-we-think/in-depth/2021/restrictions-on-winding-up-petitions-beginning-of-the-end/
Debtor companies in financial distress will likely once again have to react to receiving statutory demands. Unlike the process for petitioning ...
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49 Companies Winding Up How To Wind Up Your Debtor
https://alexchanglaw.com/index.php/companies-winding-wind-debtor/
› index.php › companies-win...
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50 The 2022 Florida Statutes - Online Sunshine
http://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&Search_String=&URL=0600-0699/0605/Sections/0605.0709.html
(1) A dissolved limited liability company shall wind up its activities and affairs and, except as otherwise provided in ss.
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51 Introduction to Hong Kong winding-up regime - JD Supra
https://www.jdsupra.com/legalnews/introduction-to-hong-kong-winding-up-4172528/
Before the grant of a court order, a creditor must satisfy one of the statutory grounds set out in the CWUO, with the most common ground being ...
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52 The Cost of Winding Up a Company? - Insolvency Experts
https://www.theinsolvencyexperts.co.uk/winding-up-of-a-company/how-much-does-it-cost-to-wind-up-a-company/
If you are owed money by a company and have been unable to recover the debt, you may decide to apply to court to wind up the company in order to enforce the ...
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53 B. Things you need to note before presenting a winding-up ...
https://www.clic.org.hk/en/topics/bankruptcy_IndividualVoluntaryArrangement_Companies_Winding_up/companies_Winding_up/Things_you_need_to_note_before_presenting_a_winding_up_petition
If the company still fails to comply with a court judgement to repay the debt, the creditor may then proceed to enforce the judgement by filing ...
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54 winding-up proceedings Definition: 174 Samples - Law Insider
https://www.lawinsider.com/dictionary/winding-up-proceedings
Define winding-up proceedings. means collective proceedings involving realisation of the assets and distribution of the proceeds among the creditors, ...
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55 Restructuring and insolvency in Hong Kong: overview
https://www.akingump.com/a/web/59873/aoiUo/hongkong_restructuringandinsolvency_1-502-0035.pdf
In Hong Kong, the most common procedure for a debtor's insolvency is liquidation. ... first, followed by the costs of the winding up. Where assets.
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56 Wind Up: Closing your Business - Roberts Law, PLLC
https://kellyrobertslaw.com/wind-up-closing-your-business/
Winding up a business is the process of closing a business. Here are some very general steps in the process of winding up, it is always best to ...
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57 Winding Up Company in Malaysia - Fareez Shah & Partners
https://fareezlaw.com/company/winding-up-company-in-malaysia-type-and-procedure/
Generally, the winding-up of a company can be instigated either by the company director(s), better known as a voluntary winding-up or by the creditor. The ...
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58 Procedure for Creditors' Winding Up Searches - Jersey Law
https://www.jerseylaw.je/courts/Pages/RC-22-01.aspx
(f) Provide the name and contact details of the liquidator(s) that the creditor proposes to be appointed to wind up the debtor company, with ...
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59 Everything you need to know about Winding up petitions
https://www.businessrescueexpert.co.uk/who-can-issue-a-winding-up-petition-and-why/
Who can issue a winding up petition? A WUP can be issued directly by any creditor that is owed money. Multiple creditors can petition for a WUP to be issued ...
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60 Business Law - Winding Up of a Company - Tutorialspoint
https://www.tutorialspoint.com/business_law/business_law_winding_up_company.htm
Compulsory winding up takes place when a creditor of an insolvent company asks the court for a wind up. If the company goes into liquidation, the court of ...
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61 Winding Up of a Company - Procedure and Documents
https://enterslice.com/winding-up-of-a-company
Winding up by Way of Tribunal- Winding up by a creditor is when external members are involved in the process of winding up. Creditor's voluntary winding up ...
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62 Winding-up petition for a Limited Company
https://business-insolvency-helpline.co.uk/winding-up-petitions/
A winding up petition is a legal notice issued by a creditor like HMRC with the intention of forcing a company into closure via insolvency.
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63 How do you wind up a company? - Foulsham & Geddes
https://www.fglaw.com.au/how-do-you-wind-up-a-company/
the company is solvent. ... the creditors have a better prospect of recovering their debts without the company being wound up. ... a voluntary liquidation is in ...
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64 What happens at a winding-up hearing? | nibusinessinfo.co.uk
https://www.nibusinessinfo.co.uk/content/what-happens-winding-hearing
A winding-up hearing takes place if a Court decides to accept a winding-up petition from a creditor. If the Court finds that the company is unable to pay ...
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65 Commencing the Process | Malaysia | Global Restructuring ...
https://resourcehub.bakermckenzie.com/en/resources/global-restructuring-and-insolvency-guide/asia-pacific/malaysia/topics/commencing-the-process
Any creditor may present a petition in a compulsory winding-up upon the expiry of the time limit prescribed in the statutory notice. Is shareholder's consent ...
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66 Winding Up A New Zealand Company - McDonald Vague
https://www.mvp.co.nz/articles/liquidation/winding-up-a-new-zealand-company
As the creditor of a company that is failing to make payment of amounts owed, you may reach the stage where the only option left to you is to have the debtor ...
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67 What is the difference between Winding Up and Liquidating a ...
https://www.forbesburton.com/insights/139-what-is-the-difference-between-winding-up-and-liquidating-a-company
A Winding Up Petition is submitted to the court by a creditor of a company who has failed to collect the debts that they are owed. If this petition is granted ...
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68 I Have Received a Winding Up Notice. What Now? - LegalVision
https://legalvision.com.au/i-have-received-a-winding-up-notice-what-now/
In some circumstances, a creditor can make an application to wind up your company in insolvency. Insolvency means that your company is ...
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69 Winding Up Orders & Petitions - Saunders Law
https://www.saunders.co.uk/services/commercial-litigation/commercial-high-value-debt-recovery/winding-up-orders-petitions/
Getting a Winding Up Order is the final step towards closing down an insolvent company so its assets can be distributed to its creditors.
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70 The Consequences of a Winding Up Petition - Inquesta
https://inquesta.co.uk/blog/consequences-of-a-winding-up-petition/
In essence, a winding up petition acts as a warning shot to the debtor that the future of their business will be put into jeopardy if they do ...
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71 What Is A Winding Up Order And Petition? - Oliver Elliot
https://www.oliverelliot.co.uk/insolvency-guides-and-information/compulsory-liquidation-what-is-a-winding-up-order-and-winding-up-petition/
How Much Can A Winding Up Petition Be Issued For? If the company owes £750 or more, the creditor can petition the court for the company to be wound up and ...
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72 Winding up and liquidation – an overview - Wright Hassall
https://www.wrighthassall.co.uk/knowledge-base/winding-up-and-liquidation-an-overview
The company itself can issue a petition for a winding up order if it resolves to do so on the grounds that it is insolvent, or by a creditor ...
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73 Winding Up by the Court | Turpin Barker Armstrong
https://www.turpinbainsolvency.co.uk/winding-up-by-the-court
Watch our video where our Partner Andrew Bailey explains what exactly a Winding up Petition is: Following winding up, the Official Receiver automatically ...
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74 Compulsory winding-up: What to expect once a creditor has ...
https://slotine.hk/compulsory-winding-up-what-to-expect-once-a-creditor-has-petitioned/
The term “winding-up” refers to the sale of a company's assets to settle its debts and distribute the surplus (if any) to its shareholders. Once ...
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75 What Does Receiving A Wind-Up Notice Mean | ADS
https://australiandebtsolvers.com.au/voluntary-administrator/guides/i-ve-received-a-wind-up-notice-what-does-this-mean-and-what-do-i-do
When they do, it usually means the ATO or your creditor(s) want to know whether your business is solvent and subsequently able to repay any ...
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76 Section 570: Petition to wind up a company - Friel Stafford
https://www.frielstafford.ie/section-214/
Solicitors acting on behalf of creditors collecting money from debtors will sometimes refer to Section 570 of the 2014 Companies Act.
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77 Restrictions on winding up: Phase II - South Square
https://southsquare.com/articles/restrictions-on-winding-up-phase-ii/
Condition 'A' is that the creditor is owed a debt (a) whose amount is liquidated, (b) which has fallen due for payment, and (c) which is not an excluded debt.
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78 Opposing Applications to Wind Up a Company in Insolvency
https://svensonbarristers.com.au/wp-content/uploads/2017/10/Sam-Chizik-Opposing-Applications-to-Wind-Up-a-Company-in-Insolvency.pdf
17. There are certain practical advantages for a creditor in bringing an application to wind up a company in insolvency where a company has failed to comply ...
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79 GENERAL GUIDE – WIND UP PROCEEDINGS
http://www.nexuscollect.com.au/pdfs/guide_windup.pdf
For a creditor to make application to the Supreme Court for the wind up of a company under the Corporation Act 2001, the debt must be for more.
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80 6 Company Winding-up in Victorian England - Oxford Academic
https://academic.oup.com/book/26075/chapter/194037625
The first method of liquidation was involuntary under court supervision. Whenever a company was unable to pay its debts, a creditor, a contributory, or the ...
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81 Kenya: Corporate Liquidation by the Court - HG.org
https://www.hg.org/legal-articles/kenya-corporate-liquidation-by-the-court-59392
This is a compulsory liquidation or winding up by the court and is often initiated by a creditor when the insolvent company fails to pay off liabilities ...
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82 Winding up petitions: Olliers Solicitors | Law Firm
https://www.olliers.com/insolvency-disputes/winding-up-petitions/
If the application is successful the debtor company will be “wound up” which is another way of saying that it will be placed into liquidation. A winding up ...
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83 THE COMPANIES (WINDING-UP) RULES 1934
https://www.gov.im/media/1348302/the-companies-winding-up-rules-1934-without-forms.pdf
Provisional Liquidator. 21 Appointment of provisional liquidator. (1) After the presentation of a petition, upon the application of a creditor, ...
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84 the court's jurisdiction to restrain a creditor from presenting a ...
https://www.jstor.org/stable/40731211
presenting a winding-up petition against its debtor company ("the ... petition to the Companies Court to wind up the company on the.
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85 Strategise before you strike - Recent cases concerning Hong ...
https://my.slaughterandmay.com/insights/briefings/strategies-before-you-strike-recent-cases-concerning-hong-kong-courts-powers-to-wind-up-foreign-companies-and-recognise-foreign-insolvencies
The company's failure to comply with a statutory demand will in turn form a proper basis for the creditor to invoke the winding-up jurisdiction, even if the ...
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86 Winding Up Petitions - Balancing Supporting and
http://www.33bedfordrow.co.uk/insights/articles/winding-up-petitions-balancing-supporting-and-opposing-creditors
Where the company facing the creditors winding up petition is already in voluntary liquidation, the petitioning creditor will still have a prime ...
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87 Company is facing a winding up petition | UK Liquidators
https://www.ukliquidators.org.uk/company-liquidation/compulsory-liquidation/company-is-facing-a-winding-up-petition
Issuing a winding up petition is an expensive and serious step for a creditor to take. They're likely to have made several unsuccessful attempts to recover ...
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88 Winding up application: a guide for directors - Financial Distress
https://financialdistresssolutions.com.au/winding-up-application-a-complete-guide-for-company-directors/
A Winding up application can be issued to limited company or limited liability partnership so that a creditor can recover a debt. It usually follows a series of ...
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89 Winding Up Petition - CVA
https://www.cva.co.uk/problems/winding-up-petition/
A winding up petition is a legal petition issued by a creditor in order to wind up, or liquidate, your company. Having a winding up petition filed against your ...
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90 Winding up Petitions: end to restrictions from 31 March 2022
https://www.ellisjones.co.uk/news/winding-up-petitions-end-to-restrictions-31-march-2022/
A Winding up Petition (“Petition”) is a formal legal document that a creditor can serve on a company when it is unable to pay its debts to ...
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91 Liquidation - Wikipedia
https://en.wikipedia.org/wiki/Liquidation
The assets and property of the company are redistributed. Liquidation is also sometimes referred to as winding-up or dissolution, although dissolution ...
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92 Hong Kong court clarifies law on winding up petitions where ...
https://www.reedsmith.com/en/perspectives/2022/04/hong-kong-court-clarifies-law-on-winding-up-petitions
The Petitioner lodged a petition for the winding up of the Company (Petition) on the ground of insolvency and on the basis that the Company ...
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93 Creditor-Driven Winding Up Regime Introduced in Jersey
https://www.walkersglobal.com/images/Publications/Articles/2021/Jersey/Creditors_Winding_Up_in_Jersey__a_Welcome_Development_V4.pdf
wound up if that debt is not paid in accordance with its terms is fundamental to the ... Creditor-Driven Winding Up Regime under Jersey Law.
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94 Don't wind me up | Construction Blog
http://constructionblog.practicallaw.com/dont-wind-me-up/
By section 122(1)(f) of the Insolvency Act 1986, a company may be wound up by the court if it is “unable to pay its debts”. By section 123(1)(a) ...
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95 An Overview of The Jersey Corporate Insolvency Regime
https://www.mourant.com/file-library/media---2022/mourant---an-overview-of-the-jersey-corporate-insolvency-regime.pdf
Where a creditors' winding up is initiated by a creditor: (a) The creditor must make an application to the Royal Court for an order commencing the winding up.
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