Define: Winding-Up Petition

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Definition: Winding-Up Petition

Quick Summary of Winding-Up Petition

A winding up petition (WUP) is a legal action taken by a creditor or creditors against a company that owes them money (although others can also petition).

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What is the dictionary definition of Winding-Up Petition?

Dictionary Definition

In the UK, a winding-up petition is a documented presented to the court pursuing an order with the intent of a company being placed into compulsory liquidation.

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To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/winding-up-petition/
Modern Language Association (MLA):
Winding-Up Petition. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 03, 2020 https://payrollheaven.com/define/winding-up-petition/.
Chicago Manual of Style (CMS):
Winding-Up Petition. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/winding-up-petition/ (accessed: April 03, 2020).
American Psychological Association (APA):
Winding-Up Petition. PayrollHeaven.com. Retrieved April 03, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/winding-up-petition/

Definition Sources

Definitions for Winding-Up Petition are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 29th January 2019.