TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Secured Creditors Must Disclose Security Details and Value for Voting in LLP Winding-Up and Voluntary Liquidation.</h1> In the context of winding-up proceedings for a Limited Liability Partnership (LLP), a secured creditor is required to disclose the details and value of their security when voting at a creditors' meeting. They can only vote on the remaining balance owed after deducting the security's value unless they surrender their security entirely. In voluntary liquidation, similar rules apply, requiring the secured creditor to submit a statement of their security details to the LLP liquidator or registered office before the meeting. If a secured creditor votes on the entire debt without valuing the security, it is presumed they have surrendered it unless proven otherwise due to inadvertence.
TaxTMI 
TaxTMI 
