Last week the Government announced that they would be introducing temporary changes to the Law on Winding Up Petitions against Companies.
Currently, the Government has restricted Creditors’ use of Statutory Demands and Winding Up Petitions (which are used to liquidate a Company) until the 30 September 2021.
The Government’s announcement last week will introduce the following new temporary rules for Creditors:
Whilst this is welcome news for businesses and Creditors that have bigger debts it still seems that Landlords are not being helped by the government.
Should you personally or commercially have a debt that is above £10,000 and your debtor has been non responsive so far, then please contact our experienced Legal Team for further information and a quote of our fees.