gavel
High Court Application
We prepare the complex witness statements and draft orders required to convince a Judge that payments are beneficial to creditors.
If your company bank account has been frozen due to a Winding Up Petition, we can help you obtain a Validation Order to pay staff and keep trading.
Under Section 127 of the Insolvency Act 1986, any disposition of company property after a Winding Up Petition is presented to court is void unless the court approves it. The Gazette advertisement does not itself freeze your accounts, but it is usually how your bank finds out about the petition, and banks then normally freeze the account to avoid being caught by Section 127.
The Consequence: You cannot pay wages, suppliers, or utilities. For many viable businesses, this freeze is fatal, forcing them to cease trading immediately even if the debt is disputed.
Unfreeze Your Account
We apply to the High Court to release funds essential for your survival.
We prepare the complex witness statements and draft orders required to convince a Judge that payments are beneficial to creditors.
Our priority is releasing funds for payroll and critical suppliers to ensure your business retains its value and workforce.
With a Validation Order, the bank must unfreeze the account for specific transactions, allowing you to trade while we resolve the debt.
We know that a frozen account comes as a shock. However, it doesn't necessarily mean your business must close.
We take a holistic view. While applying for the Validation Order, we simultaneously work on the root cause—whether that means disputing the petition, negotiating a Time to Pay arrangement, or structuring a CVA. We ensure you have every viable option on the table.
