Form

Insolvency: Form 15 - affidavit of individual member(s) as to concurrence of all members in presentation of joint bankruptcy petition against individual members

Form used in insolvent partnership order

Documents

Form 15 affidavit of individual member(s) as to concurrence of all members in presentation of joint bankruptcy petition against individual members

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Details

Because the members of a partnership are personally liable for its debts, a partnership can be wound up and bankruptcy orders can also be made against the individual partners.

Published 23 April 2014