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Tricked into Postponing Execution
Tricked into Postponing Execution

Voluntary Liquidation

If, as a creditor, you are induced into postponing issuing execution by a trick on the part of the debtor, it may be possible to still continue with execution even after the debtor company has passed a resolution for voluntary winding up.

The Court of Appeal has previously refused to prevent creditors from proceeding with execution against a debtor company in this situation

NB — It should be noted that this will be done only in exceptional circumstances and it should not be relied upon that the court would let you continue with your execution should you find yourself in this situation

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