If your company bank account has been frozen because of a winding up petition – we can help. A validation order application is normally the best way to proceed, allowing you to continue trading and avoiding the risk of personal liability as well. Let our team of experts help you keep trading.
Help is at hand
- Are you looking to unfreeze assets?
- Has your company’s frozen bank account caused you issues?
We have a team of legal advisers who are experts at dealing with winding up petitions and the consequences that result from them. One of those is often that your bank will find out about the winding up order and freeze the bank account. “Bank account frozen” problems can have dramatic consequences for the company and stop it being able to trade. It can also stop the company being able to pay suppliers and also staff. Unless the company bank account is unfrozen quickly, the company can cease trading and will end up in liquidation.
We can help get a court order to unfreeze your account
In order to help unfreeze a company bank account, an application to court for what is called a validation order is best. A validation order is a specialist type of court order which seeks the court’s permission for certain payments from the company bank account to be made to allow the company to continue trading. It is possible to continue trading with a winding up order in place but it does require court permission for this to be done legally. Otherwise there is a great danger that directors of the company can end up with personal claims against them if the company is later wound up. It can also lead to those directors being subject to a director disqualification order.
Please contact one of our friendly experts now for your validation order and unfreeze bank account consultation. At Francis Wilks & Jones, we have a team of dedicated winding up petition experts ready to take your call and help you make payments from frozen bank accounts and help you to continue trading. Whatever your question, we can help.