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Insolvent Partnerships Order 1994 (IPO) - Bankruptcy UK

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Insolvent Partnerships Order 1994 (IPO)

An Order setting out the procedures for dealing with insolvent partnerships. The Order provides for winding up an insolvent partnership as an unregistered company, with or without concurrent insolvency proceedings against individual partners; for the joint bankruptcy of individual partners, without winding up the partnership as an unregistered company; and for the application of the administration and company voluntary arrangement procedures to insolvent partnerships.

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