Q&As

Where a general partnership enters into a voluntary arrangement, can the partners be pursued personally for the partnership debts?

read titleRead full title
Published on LexisPSL on 03/11/2020

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

  • Where a general partnership enters into a voluntary arrangement, can the partners be pursued personally for the partnership debts?

Part II of the Insolvent Partnership Order 1994 (IPO 1994), SI 1994/2421 as amended by the Insolvent Partnership (Amendment) (No 2) Order 2002, SI 2002/2708 applies the provisions of Part I of the Insolvency Act 1986 on company voluntary arrangements to insolvent partnerships by means of a PV. For information on voluntary arrangements in the context of general partnerships, see Practice Note: Voluntary arrangement

Popular documents