A winding-up petition (WUP) is one of the most serious threats any company can face. If ignored, or a judge agrees then it means the compulsory liquidation of your business. Game Over.
A company served with a winding-up petition has several options including repaying the debt, looking to request an adjournment or making an agreement.
The simplest and smartest one is to get in touch with us.
Ed, the Business Rescue Expert, explains what happens when a company is threatened with or received a Winding Up Petition (WUP).