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Cooper Matthews Warn of the Dangers of Winding Up Petitions

03-24-2011 09:00 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Cooper Matthews Ltd

Leeds, United Kingdom (18 March, 2011) - Cooper Matthews, a leading provider of business debt advice and solutions for small to medium businesses requiring financial advice, warn of the dangers of Winding Up Petitions.

Cooper Matthews have extensive experience in providing company debt rescue services to small and medium sized companies. Cooper Matthews can also provide practical advice which can help prevent business insolvency or other financial difficulties. Due to Cooper Matthews's expertise and business solutions, many companies have recovered from financial issues and have ultimately turned their businesses around.

Winding Up Petitions allow one or more creditors of a business to engage in the process for forced closure of a limited company. Cooper Matthews recently warned of the dangers of Winding Up Petitions, as a company's bank account will be frozen immediately following the advertisement of the Petition and cannot be accessed before a company can defend their case. Cooper Matthews, however, can obtain a Validation Order for their client to reinstate their bank account.

A spokesperson for Cooper Matthews commented: "Winding Up Petitions can ultimately have disastrous consequences for a company, as they can freeze all company assets and bank accounts. Winding Up Petitions can also result in employees being left unpaid and could leave a business in a state of disarray once the court case has ended. If a Petition is ignored, the directors will have to attend an interview with the Official Receiver. Here at Cooper Matthews we understand the dangers Winding Up Petitions could present, which is why we can provide expert advice for stopping a Petition being advertised or can help a company obtain a Validation Order which can reinstate their company bank account."

For more information on Cooper Matthews and their services, visit their website at or telephone 0800 8 40 40 42.

About Us:
Copper Matthews is a provider of business debt advice and solutions for small to medium businesses experiencing financial difficulties. They are committed to employing a whole market approach in order to identify and deliver the right solution for individual business needs, and, if necessary, are able to assist throughout the liquidation process.

Derek Cooper
Cooper Matthews Ltd - Head Office,
1a Ash Lane Business Park,
Ash Lane,
West Yorkshire,
LS25 2HG
Tel: 0800 8 40 40 42
Fax: 0113 320 5678

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