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of <h1>Liquidators Must Set Deadline for Creditors to Prove Claims in LLP Winding Up Under Rule 137, 2010.</h1> In the context of winding up a Limited Liability Partnership (LLP), Rule 137 of the Limited Liability Partnership (Winding up and Dissolution) Rules, 2010, mandates that the Liquidator, during a Tribunal-ordered winding up, or the LLP Liquidator in a voluntary winding up, must set a deadline for creditors to prove their debts or claims. This date must be at least fourteen days after the notice is issued under Rule 138. Creditors must establish their claims to receive preferential payments or risk exclusion from any distributions made before their claims are validated.
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