A partnership, itself insolvent, could benefit from an administration order, though one of the partners personally had assets which could cover the debts. The test was the present inability of the firm to pay its debts, and the purpose was to save the firm.
Citations:
Times 06-Jan-1999
Jurisdiction:
England and Wales
Insolvency
Updated: 19 July 2022; Ref: scu.81927
