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Insolvent Partnerships

ISBN13: 9780853083511
ISBN: 0853083517
Published: October 1996
Publisher: LexisNexis Butterworths
Country of Publication: UK
Format: Hardback
Price: Out of print

The Insolvent Partnerships Order 1994 aimed to give partnerships and their creditors greater flexibility when faced with financial difficulty. But the relationships created in any partnership can still prove difficult to unravel.

Insolvent Partnerships outlines the wide range of options now available and tackles many of the difficult questions that arise such as how should the partnership assets be distributed, when can a partner wind up the partnership and when are interlocking IVAs suitable.

As well as authoritative and up-to-date advice on practice and procedure, Insolvent Partnerships includes the full text of the Order, other statutory materials and useful precedents making it an essential reference for all insolvency practitioners and their advisers.

Insolvency Law
The solvent partnership; liquidations on creditors' petitions; liquidations on members' petitions and/or joint bankruptcy petitions; provisions applying in insolvency proceedings; individual voluntary arrangements of partners
partnership voluntary arrangements
partnership administration orders; disqualification proceedings against partners; tactical considerations. Appendices: checklists and case studies; statutory materials.