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What does it mean when a winding up petition gets dismissed or rescinded.
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A Winding-Up Petition can have a detrimental impact on a company and with the number of Compulsory Liquidations rising it’s important to understand the processes, risks and consequences of Winding-Up Petitions, we explain these below.
Special thanks to Alison Beard at Silverback Commercial Law Services Limited Law for their support.
In this series we explore the outcomes of petition hearings, starting with scenarios where petitions are dismissed or rescinded.