Waching daily Aug 6 2018

In the event that a company has a winding up petition issued against it

and that petition is subsequently advertised in the London Gazette, it is

likely that issuing the petition will then come to the notice of the

company's bank, in that banks have processes in place to monitor all such

legal adverts. In those circumstances it is extremely likely that the bank

account will be frozen in that the bank will be worried that any monies released

from that point may be reclaimed by a subsequent liquidator. In these

circumstances it will only be possible for the company director to free up and

utilize the funds held in the company's bank account by means of applying for

what is known as a validation order. This requires the company director to make an

application to the court demonstrating that the company can deal with its debts

is viable going forward for at least the next 12 months and that if the court

were prepared to make an order allowing the company to use its funds it would be

able to pay off the petitioning creditors debt and indeed the debt of

any other creditor that supports the petition on seeing the advert in the

London Gazette.

For more infomation >> What is the difference between a Winding up Petition & Order? - Duration: 1:50.

-------------------------------------------

What Is Otokonoko? | An Unpleasant Surprise - Duration: 0:37.

Otokonoko is a boy cross-dressing as a girl or a trap as we call them in

the U.S. though we usually reserve the term trap to describe one who is

believable as a girl to an almost scary level