Declaration of solvency ensures LLP can pay debts before voluntary winding up, subject to prescribed filing and documents. A proposed voluntary winding up requires a declaration of solvency by the majority of designated partners, verified by affidavit, stating the LLP can pay its debts within the period specified. The declaration only has effect if delivered to the Registrar within the fifteen days preceding the winding up resolution, contains a statement that the winding up is not to defraud any person, is accompanied by an assets and liabilities statement attested by two designated partners, and, if assets exist, a valuer's report; creditors' claims may be satisfied before the declaration is made.