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Compulsory Liquidation

This is a legal process started by a creditor owed at least £750.

The creditor may present a winding up petition ("WUP") to the Court, and if the debt remains unpaid at the date of the Court hearing, the Court may grant a winding up order in respect of the company.

A WUP must not be ignored and you should immediately seek advice from an Insolvency Practitioner.

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