Compulsory liquidation: What is it and when can a company be placed into compulsory liquidation?
This practice note provides an overview of compulsory liquidation, or winding-up under the Insolvency Act 1986. It discusses situations in which a company can be placed into compulsory liquidation including the procedure for presenting a winding-up petition, and the effect of a winding-up order being made.
For further information on how to place a company into compulsory liquidation see Checklist, How do I place a company into compulsory liquidation?. This note does not cover voluntary liquidations, which are considered in Practice note, Voluntary liquidation: What is it and how do I place a company into voluntary liquidation?