Q&As

How do you wind-up a partnership following a dispute between the partners? What is the general procedure, fee payable and form of the claim?

read titleRead full title
Published on LexisPSL on 31/10/2018

The following Restructuring & Insolvency Q&A provides comprehensive and up to date legal information covering:

  • How do you wind-up a partnership following a dispute between the partners? What is the general procedure, fee payable and form of the claim?
  • How to wind up a general partnership or procedure
  • Forms and fees

How do you wind-up a partnership following a dispute between the partners? What is the general procedure, fee payable and form of the claim?

How to wind up a general partnership or procedure

The winding-up of an insolvent partnership and the winding-up or bankruptcy of its members is governed by the Insolvency Partnerships Order 1994, SI 1994/2421 (IPO 1994), which modifies the provisions of the Insolvency Act 1986 (IA 1986) to meet the particular requirements of partnerships. For insolvency purposes, a partnership is generally treated as an unregistered company.

An insolvent partnership of an unregistered company can be wound up under IPO 1994, Arts 7 and 9 on the petition of a creditor, member, responsible insolvency practitioner (IP) or the Secretary of State where

Related documents:

Popular documents