Partnership insolvency

Partnership insolvency guidance:

This note explains how a Limited Liability Partnership (LLP) can be placed into administration, and what powers the administrator has. This Practice Note does not apply...

Practice Note

Applicable legislation The winding-up of a limited partnership proceeds in the same way as the winding up of an ordinary partnership which basically follows the...

Practice Note

Why restore an LLP to the register? When a limited liability partnership (LLP) has been struck off, it may be possible to make an application to the Registrar of...

Practice Note

This Practice Note explains how a Limited Liability Partnership (LLP) can be placed into compulsory liquidation, what powers the liquidator has, and what the obligations...

Practice Note

This note explains how a Limited Liability Partnership (LLP) can be placed into creditors’ voluntary liquidation (CVL), what powers the liquidator has, and what the...

Practice Note

A partnership can be brought to end by its: • dissolution (see Practice Note: Ending a partnership—what is dissolution?), or • insolvency (see Practice Note: General...

Practice Note

This Practice Note discusses partnerships (as defined) formed under the Partnership Act 1890 (PA 1890) governed by English law as distinct from limited partnerships,...

Practice Note

A partnership formed under the Partnership Act 1890 (PA 1890) can be brought to end by its: • dissolution, or • insolvency This practice note explains what ‘dissolution’...

Practice Note

A limited partnership can be brought to an end by its: • dissolution, or • insolvency (see Practice Note: Ending a limited partnership—what is dissolution?) This Practice...

Practice Note

This Practice Note discusses limited partnerships (as defined) formed under the Limited Partnerships Act 1907 (LPA 1907) and governed by English law, as distinct from...

Practice Note

A limited partnership formed under the Limited Partnerships Act 1907 (LPA 1907) can be brought to an end by its: • dissolution, or • insolvency A great deal of the same...

Practice Note

The regime for administration of general partnerships is very similar to the administration of insolvent companies (for companies, see...

Practice Note

Applicable law The pre-Insolvency Act 1986 (IA 1986) common law adopted a rule of convenience that in administering the estates of an insolvent partnership and its...

Practice Note

This Practice Note discusses the provisions of a limited partnership agreement for limited partnerships formed under the Limited Partnerships Act 1907 (LPA 1907). It...

Practice Note

Relevant legislation Limited partnerships can be created under the Limited Partnerships Act 1907 (LPA 1907). Importantly for limited partnerships, The Insolvency...

Practice Note

Brexit impact This Practice Note is impacted by the decision of the UK on 23 June 2016 to leave the European Union. For details of the impact on the Recast Regulation on...

Practice Note