The last of the temporary insolvency measures brought in at the beginning of the pandemic to help protect businesses have now been lifted.  

The Corporate Insolvency and Governance Act 2020 (CIGA) introduced various measures, including preventing the winding-up of most companies, to help protect companies during the challenging trading conditions in the last two years.  

From 1 April 2022, those restrictions have been lifted and petitions to wind-up companies which owe undisputed debts of £750 or more can now be pursued again. Winding-up petitions are a key enforcement tool for businesses and individuals owed money by companies. It is anticipated that a flood of winding-up orders will now be pursued as creditors who have been prevented from collecting what is owed to them for two years will now look to enforce those debts.