318 General

A partnership may propose a partnership voluntary arrangement (‘PVA’) under statutory provisions similar to those applicable to a company voluntary arrangement1.

A PVA may be proposed by the members of an insolvent partnership except where the partnership is in administration2, being wound up as an unregistered company, or where an order has been made under Article 11 of the Insolvent Partnerships Order 1994 (ie a bankruptcy order where the individual partners have presented a joint bankruptcy petition not involving the winding up of the insolvent partnership as an unregistered company). The administrator of the partnership may

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