Q&As

What are the requirements for serving a petition to wind up a partnership by a trustee in bankruptcy?

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Published on LexisPSL on 04/04/2018

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

  • What are the requirements for serving a petition to wind up a partnership by a trustee in bankruptcy?
  • The winding up of a partnership
  • How to serve a petition to wind up a partnership

What are the requirements for serving a petition to wind up a partnership by a trustee in bankruptcy?

The winding up of a partnership

The Insolvent Partnerships Order 1994 (IPO 1994), SI 1994/2421 provides five routes by which a partnership may be wound up. For details of the different routes, see Practice Note: Winding-up a general partnership as an unregistered company. The trustee of an individual members, or former individual member’s estate (section 221(2) of the Insolvency Act 1986 as modified by

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