PPRuNe Forums - View Single Post - Atmosphere Intercontinental Airlines Uk - What?!
Old 12th Feb 2020, 11:36
  #872 (permalink)  
Captivep
 
Join Date: Oct 2007
Location: Just north of Chester, UK.
Posts: 305
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Originally Posted by diffident
If I was the issuing party of the CCJ, I'd be preparing to issue a winding up petition, assuming that the CCJ remains in force and unpaid by the end of the court grace period (2nd March). The law is very clear, a company that fails to satisfy a CCJ that is issued against it in the 30-day court grace period is defined in law as insolvent, allowing for a compulsory liquidation to take place.
You wouldn't get very far - the debt has to be at least £750 for a winding up petition.
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