Compulsory Liquidation in Wiltshire

At Fast Insolvency, we offer professional support to directors whose companies are facing or undergoing compulsory liquidation in Wiltshire.

This court-led process is triggered when a creditor petitions to wind up a company over unpaid debts.

Contact us now for free, confidential advice if your business has received a winding-up petition or is at risk of compulsory liquidation in Wiltshire.

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What Is Compulsory Liquidation in Wiltshire?

Compulsory liquidation in Wiltshire is a legal process where the court orders a company to be closed and its assets sold to pay creditors.

This process begins with a winding-up petition filed by a creditor, often due to unpaid debts exceeding £750 in Wiltshire.

Who Can Apply to Wind Up a Company in Wiltshire?

Any creditor, shareholder, or director can apply, but most petitions come from creditors such as HMRC in Wiltshire.

The court in Wiltshire must be satisfied that the company is insolvent and unable to pay its debts.

What Triggers Compulsory Liquidation in Wiltshire?

The most common trigger is non-payment of debt following a statutory demand, court judgment, or ongoing default in Wiltshire.

Once a creditor files a petition, the court sets a hearing date to determine whether to grant a winding-up order in Wiltshire.

What Happens After a Winding-Up Order Is Made in Wiltshire?

Control of the company passes immediately to the Official Receiver in Wiltshire, who investigates director conduct, closes the business, and arranges the sale of assets.

The company in Wiltshire ceases trading and is eventually struck off the Companies House register.

Can I Stop Compulsory Liquidation Once It Starts in Wiltshire?

Yes, but only before the court grants the winding-up order in Wiltshire.

You can pay the debt in full, dispute the petition, or seek a Company Voluntary Arrangement (CVA) or administration to avoid liquidation in Wiltshire.

What Are the Consequences for Directors in Wiltshire?

Once liquidation begins in Wiltshire, directors lose control of the company and must cooperate fully with the Official Receiver.

They may also face investigation in Wiltshire, and if misconduct is found, they could be disqualified or held personally liable.

What Happens to Employees in Compulsory Liquidation in Wiltshire?

All employees are automatically made redundant in Wiltshire, but they may be eligible to claim unpaid wages, redundancy pay, and holiday pay from the government’s Redundancy Payments Service.

Will I Be Personally Liable for Company Debts in Wiltshire?

Directors are not personally liable for most company debts unless they’ve signed personal guarantees or engaged in wrongful trading in Wiltshire.

If the court finds misconduct, personal liability could follow in Wiltshire.

How Long Does Compulsory Liquidation Take in Wiltshire?

The process can take 12 to 24 months in Wiltshire, depending on the complexity of the company and how quickly assets are realised and creditors repaid.

Will the Company’s Assets Be Sold in Wiltshire?

The Official Receiver or liquidator in Wiltshire will sell company assets, such as stock, equipment, and property, to repay secured and unsecured creditors.

What Is the Role of the Official Receiver in Wiltshire?

The Official Receiver is appointed by the court to manage the liquidation in Wiltshire.

They investigate the company’s affairs, sell assets, deal with creditor claims, and assess director conduct during the lead-up to insolvency in Wiltshire.

Can I Trade After Liquidation Starts in Wiltshire?

Once the winding-up order is made in Wiltshire, the company must cease trading immediately.

Continuing to trade could result in personal liability for debts incurred after liquidation begins in Wiltshire.

How Does Compulsory Liquidation Differ from Voluntary Liquidation in Wiltshire?

Compulsory liquidation is court-enforced and usually creditor-led, while voluntary liquidation is initiated by directors and shareholders in Wiltshire.

In voluntary cases in Wiltshire, directors have more control and can appoint their own licensed insolvency practitioner.

Is the Liquidation Process Public in Wiltshire?

Winding-up petitions and liquidation orders are published in the London Gazette and recorded at Companies House in Wiltshire, making them accessible to the public.

Why Choose Fast Insolvency in Wiltshire?

We provide immediate, expert advice in Wiltshire for companies facing compulsory liquidation.

Our licensed professionals in Wiltshire act quickly to assess your situation, stop legal action where possible, and help protect you as a director in Wiltshire.

Get Free Compulsory Liquidation Advice Today in Wiltshire

If your company has received a winding-up petition in Wiltshire or you’re worried about compulsory liquidation, time is critical.

Contact Fast Insolvency now in Wiltshire for free, same-day advice and take control before the court acts.

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