Reply to post: Re: "Remains trading"?

Crowdfunding small print binned as Retro Computers Ltd loses court refund action

Anonymous Coward
Anonymous Coward

Re: "Remains trading"?

If they're still trading then they have the opportunity to pay the amount of the judgement, and everyone's (sort of) happy. If they fail to pay then it's open to the plaintiff to apply for a winding-up order to liquidate their assets. In other words it does work much as you describe already, but with the proviso that they don't pay the amount awarded first.

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