What happens if I ignore a petition to wind-up a company?
Many people are looking for information on what happens if I ignore a petition to wind-up a company? here at Debt Solutions Hub we answer some of the most pressing questions for business owners.
If you choose to ignore a petition to wind-up your company it is highly likely that a Winding-up Order will be made by the court. The result of the order is that the Official Receiver will be appointed as Liquidator and control of the company will pass to him. The company will cease to trade, assets will be taken into the possession of the Liquidator and your conduct as a director will be investigated.