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News

The balance sheet test of insolvency – New guidance

July 22 2011

The Court of Appeal’s (CoA) recent judgment in BNY Corporate Trustee Services v Eurosail & Ors (2011) provides important guidance on the interpretation of the “balance sheet test” of insolvency set out in Section 123(2) of the Insolvency Act 1986. That section,   Read More…

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Increase in Winding-Up Petitions in 2011

July 22 2011

There has been a 22% increase in the number of winding up petitions lodged through the courts in the second quarter of the year compared to the same period last year. These figures continue the upwards trending of 2011 which began with a   Read More…

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Blank Winding Up Petition Form

January 23 2011

Completing the Winding-up Petition To apply for a compulsory winding-up order (winding-up by the Court) against a company, you must complete a winding-up petition form 4.2. We have provided the necessary form here for reference purposes in Adobe .pdf format and Microsoft   Read More…