Commentary

344 Moving from administration to dissolution

BANKRUPTCY AND INSOLVENCY (INDIVIDUAL INSOLVENCY) vol 3(2)
| Commentary

344 Moving from administration to dissolution

| Commentary

344 Moving from administration to dissolution

If the administrator, whether appointed by court order or out of court, thinks that the partnership has no property which might permit a distribution to its creditors, he must file a notice to that effect with the court1, unless the court, in its discretion, on the application of the administrator disapplies this rule2. On the filing of the notice, the appointment of the administrator ceases to have effect3. At the end of the period of three months beginning with the date of filing of the notice, the partnership

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