ABSTRACT
Since 1986, it has been possible for the court to make an order putting an insolvent partnership into liquidation under Part V of the Insolvency Act 1986 as if it were an unregistered company.2 The relevant provisions are currently contained in the Insolvent Partnerships Order 1994,3 which ‘translates’ the corporate terminology used in the Insolvency Act 1986 into the appropriate references for the partnership context.4 Where a firm is wound up as an unregistered company, each present and former partner liable to contribute is classified as a contributory, as is anyone who has been held out as a partner. Each contributory will be liable to contribute up to the extent of their assets.
