How to Wind Up Your Debtors
 |  |  |  |  |  |
How do I wind up a company?
If a company owes you money and has failed, refused or
neglected to pay the debt, you may apply to wind it up by
presenting a petition to court pursuant to section 218(1)(e) of the
Act.
A winding-up petition of this type is usually presented by a
creditor on the grounds that the company cannot pay its debts
and this has to be proven to the satisfaction court.
How do I prove to the court that the company cannot pay its
debts?
If a company owes you money and has failed, refused or
neglected to pay the debt, you may apply to wind it up by
presenting a petition to court pursuant to section 218(1)(e) of the
Act.
A winding-up petition of this type is usually presented by a
creditor on the grounds that the company cannot pay its debts
and this has to be proven to the satisfaction court.
How do I prove to the court that the company cannot pay its
debts?
 |  |  |
Site Search: