Daily Tips for Business: Continuity-Disaster-Recovery

A winding up petition is one of the worst actions that can be taken against a company. Many times this entails the fact that payment deals have failed and the company has broken all trust with their creditors. In a petition of this type usually directors have failed to pay their bills and checks have bounced. It involves a complete breach of trust and a break-down of finances. It is not unheard of for a creditor to issue a malicious petition against the company in question.

Source: http://dailytipsforbusiness.blogspot.com/2012/02/continuity-disaster-recovery_21.html

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