Commentary

256 Insolvent partnerships without concurrent bankruptcy petitions

PARTNERSHIP vol 30(1) commentary, partnership agreements

256 Insolvent partnerships without concurrent bankruptcy petitions

| Commentary

(b) Winding Up Insolvent Partnerships

There are four main grounds, upon which a petition may be presented for the winding up of a partnership (whether it be a firm on its own or a member of a group or a sub-partnership). Thus a petition may be presented if:

  1. 256.1

        the

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