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Joanne Brown
 

Winding-Up Petitions: FAQs

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Winding-up petitions are often used to prompt payment for an outstanding debt. Being served with a petition is a very serious matter indeed, as it could lead to compulsory liquidation, and this is irreversible. If your company has been issued with a...

Winding-Up Petitions: The Procedure Explained

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If you are owed money and the debt is overdue, your first step is to make a formal request for payment via a statutory demand. Once this has been issued, the debtor has 18 days to either agree to make payment, or contest the debt. If the statutory demand is...

Misfeasance Claims: What Constitutes Misfeasance?

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What is misfeasance? Misfeasance can be defined as a ‘wrongful act’. Under the Companies Act 2006 and common law, directors of companies must not breach any duty of trust when dealing with company money or assets. But what exactly constitutes...

Not Been Paid? A Guide to Getting Your Goods Back

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If you have supplied goods on a credit basis, you will hopefully have in your terms and conditions of business a clause known as ‘retention of title’. This clause is very important, because it entitles you to take your goods back should payment...