3 ms·
It's the same in the UK: https://www.gov.uk/wind-up-a-company-that-owes-you-money https://www.gov.uk/wind-up-a-company-that-owes-you-money "To wind up a compa
by mattbee 4y ago
It's the same in the UK:
https://www.gov.uk/wind-up-a-company-that-owes-you-money https://www.gov.uk/wind-up-a-company-that-owes-you-money
"To wind up a company you must:
* be owed £750 or more
* be able to prove that the company cannot pay you
"
That's it.
- tuukkah 4y agoHow do you prove they cannot pay you - show an unpaid invoice?
- mattbee 4y agoI only ever threatened it once so didn't go to the expense of filing. In practice, yes an unpaid invoice, plus proof of delivery /service. Alternatively, a judgment from a court ordering them to pay.
- seanp2k2 4y agoThe trouble is the actual collection, which as far as I know is still left as an exercise for the person owed.
- mattbee 4y agoNope, when a company is struck off (directors given 2 months notice etc) its assets are frozen and passed to The Crown, who appoints an Official Receiver. They liquidate the assets, pay any creditors (pay themselves) and keep anything remaining. So it's an absolutely nuclear debt collection option, and not fast. But the threat is real if the debtor can't argue the debt away.