Creditor's winding-up petition: procedure | Practical Law
A practical guide for any creditor seeking to have a company registered in England and Wales wound up (also known as put into compulsory liquidation) on the grounds that the company is unable to pay its debts, under section 122(1)(f) of the Insolvency Act 1986. This note sets out the relevant procedure under Chapter 3 of Part 7 of the Insolvency (England and Wales) Rules 2016 (SI 2016/1024) and provides guidance on drafting and presenting a winding up petition, gazetting notice of the petition and preparing for the petition hearing.