Take fast action against a winding up petition
The law is very serious where credit is concerned and that is perhaps why today you are liable to be granted only seven business days, that is excluding the weekend days and the public holidays to act so that you can be able to save your business. Remember that if it is liquidated, you will almost be declared a persona non grata in business and therefore you had better take some quick action here that will save you all that trouble. When you get a winding up company grant the smart thing for you to do would be to jump into action very fast
The first thing that you should do when you are served with a winding up petition is to analyze your position. You are already in debt and therefore you do not want any other additional costs like hiring a lawyer to represent the business in court. It is simple, just like getting a winding up order. If you cannot pay, you cannot pay. Why add more costs on top of what you already owe?