Bank account frozen in the blink of an eye

Having a bank account frozen by your bank, especially when you least expect it, can destroy your business overnight.

If you have a winding up petition on your company and you allow it to be advertised in the London Gazette, then it is very likely that you will find a bank account frozen when you try to draw some money out.

Your bank has to protect itself and the way that the law stands means that any bank that allows money to leave a bank account from the date a winding up petition is issued to the date that the company is wound up, could be responsible for repaying the money back to the official receiver.

So if you don’t want your bank account frozen then talk to TaxGone on 01302 815846 to keep your account open.

TaxGone - Company Voluntary Arrangement - CVA Specialists

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