How long does a winding up petition take?
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It generally takes around 28 days from the petition for a winding up order to take effect. A winding-up petition is a serious matter and should never be over-looked by a company. The petition will quite often be preceded by a statutory demand, which is a formal demand for the debt that is owed. If your company has received a statutory demand or a petition to wind-up and you are unable to pay the debt, or otherwise dispute it, then please contact us to discuss the available options with a qualified and Licensed Insolvency Practitioner.