Winding up petitions ban extended for three months

Due to the extension of lockdown measures until 19 July, the government has confirmed that restrictions on statutory demands and winding up petitions will remain for a further three months

Originally the plan was to end the ban on winding up petitions on 30 June, but ongoing restrictions mean that the deadline will now be extended until 30 September 2021 to protect companies from creditor enforcement action where their debts relate to the pandemic.

The measures were first introduced in the Corporate Insolvency and Governance Act in March 2020, including protecting businesses from aggressive creditor enforcement and removing personal liability on company directors.

The measures being extended till the end of September 2021 include:

Your free features:

  • Breaking news and expert analysis
  • Customisable daily newsletters
  • Six free CPD learning modules each year
  • Personalised CPD tracker
  • Top 75 Firms league tables
  • Regulatory changes
  • Hardman’s Tax Data

Sign up to Business & Accountancy Daily

Related Articles
Subscribe