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The Insolvent Partnerships Order 1994

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Section 272: Grounds of joint bankruptcy petition

5.  Section 272 is modified so as to read as follows—

“272.—(1) A joint bankruptcy petition may be presented to the court by the members of a partnership only on the grounds that the partnership is unable to pay its debts.

(2) The petition shall be accompanied by—

(a)a statement of each member’s affairs in Form 17 in Schedule 9 to the Insolvent Partnerships Order 1994, and

(b)a statement of the affairs of the partnership in Form 18 in that Schedule, sworn by one or more members of the partnership.

(3) The statements of affairs required by subsection (2) shall contain—

(a)particulars of the member’s or (as the case may be) partnership’s creditors, debts and other liabilities and of their assets, and

(b)such other information as is required by the relevant form.”.

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