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A winding up petition can be presented
on an insolvent partnership, as an unregistered company, if
it has or had, in England and Wales either:
- a
principal place of business or
- a place of business where the
debt or part of the debt arose, which is the basis for the
petition.
A partnership can be wound up as an unregistered
company if:
- the partnership is dissolved,
or ceases to trade.
- if the partnership is unable
to pay its debts.
- If a court feels it is just
and equitable to wind it up.
A petition can be presented by the following:
- the liquidator or administrator
of a corporate member or former corporate member of the
partnership.
- the trustee of a partner who
is an individual.
- The supervisor of a voluntary
arrangement of a member of the partnership.
- A creditor of the partnership
Once the petition has been heard by the
court and an order made, the Official Receiver will be appointed
to deal with the company's affairs.
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