In order to adjourn a winding up petition in the companies court, you need a good reason. When the court is filled with winding up petitions, the atmosphere can be very tense. If you are a company director listening to a petition on your company then it can be daunting.
The cases are read out fast and furious and it’s easy to miss your turn if you are unfamiliar with the process. Having more time to pay is not always a good reason to adjourn a winding up petition as the Judge may tell you that you have already had plenty of time since the petition was served.
Also the Judge will usually listen to a hundred plus company excuses in one morning. Would you still be sympathetic after half an hour. Any request upon those lines would have to be supported with substantial evidence to prove that you would not be wasting court time.
If the winding up petition is at the first hearing stage then a competent barrister should have no difficulty in the attempt to adjourn a winding up petition. Giving you that extra time to sort out your finances.
If you are hoping that the judge will adjourn a petition on the second time around, after having already granting an adjournment, then you are a very optimistic person. Perhaps you were this optimistic before you received the winding up petition.
If an insolvency intention was not given for the first adjournment then proof that the company is proposing a Company Voluntary Arrangement or a set date for a liquidation may sway the judge, but it’s their decision. If you want to adjourn a petition then call TaxGone today on: 01302 815846.
TaxGone - Company Voluntary Arrangement - CVA Specialists
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