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of <h1>LLP Winding Up Requires Two-Thirds Creditor Approval, 30-Day Response Period, and Registrar Notification within 15 Days.</h1> In the event of winding up a Limited Liability Partnership (LLP), the LLP must first seek approval from its creditors, both secured and unsecured, by sending them a declaration and an estimate of claims. Creditors have 30 days to respond with their opinion on the proposed voluntary winding up. If two-thirds of the creditors consent to the winding up, it can proceed either voluntarily by partners, by creditors if debts exceed asset proceeds, or by tribunal application if necessary. If creditors are fully paid, certain provisions may not apply. Decisions must be reported to the Registrar within 15 days.
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