“The government has announced that the temporary restrictions on winding-up petitions and statutory demands as set out in the Corporate Insolvency and Governance Act 2020 will be extended until 31 March 2021. The extension is made in line with an extension to the restrictions on commercial forfeiture and commercial rent arrears recovery, which have also been extended until to the end of March.

This extension will, no doubt, frustrate landlords or any party who feel normal debt recovery procedures have been exhausted (or of little value) and where commencing winding up proceedings appears to be the only realistic approach for enforcing payment.

 

For those caught up in a financial dispute or debt collection issue it is also further encouragement to consider settlement of any claim by way of mediation, being the principal recognised procedure under Alternative Dispute Resolution.  Should anyone wish to discuss mediation then please contact Gary Pettit at PBC who is a CEDR accredited mediator.“