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Hi everyone
I appreciate the input and I appologise for the late reply.
My urgency was related to employees. Their redundancies are being held up due to this 50/50 deadlock.
Correct me if I'm wrong but the Spongebob route can take a long time. This means my team will have a significant wait...
Thanks Chris!
Yeah I appreciate that. Solicitor advice would be ideal right now i just cant afford it.
The forms I've filled are Comp 1 and Comp 2 from the government website.
Its a petition on 'just and equitable' grounds! The company is very much insolvant with no rescue options available...
To cut a long story short, all options have been considered for my business. Due to a shareholder dispute a winding-up petition to the courts is my only option as Director.
My question is...
When filling out a winding-up petition as the sole Director of the company to be wound up, do I petition...