Creditors Wind-Up Petition (Compulsory Liquidation)
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
💶 Winding-up petitionBusiness activity
Wind up companyA winding-up petition is a legal document that is filed in order to force a company to dissolve. This is usually done when the company is insolvent and is unable to pay its debts. The petition must be filed by a creditor of the company and will be heard by a judge. If the judge decides that the company is indeed insolvent, then they will order for the company to be wound up and all of its assets to be sold off in order to pay off its debts.
The template likely includes sections addressing the necessary details and steps involved in making this petition, such as the identification of the petitioner, the financial claims owed by the debtor company, and a summary of the reasons why the petitioner is seeking compulsory liquidation. It may also include instructions on serving the petition to the debtor company, providing notice to interested parties, and the documents needed to support the creditor's claim.
The main purpose of this legal template is to assist creditors in taking legal action against a company that has not been able to pay its debts. By following the provided format and filling in the relevant information, the template helps ensure that the necessary legal requirements are met, increasing the likelihood of a successful winding-up petition.
How it works
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Book your personalised demo now
Similar legal templates
Winding-Up Petition (Insolvency Rules 2016)
Publisher
Genie AIJurisdiction
England and WalesWeb Developer Contract
This Web Developer contract template is designed for a commercial web dev organisation (or an individual web developer) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of web dev and web-dev-related services to be completed by the web developer on behalf of the client, with consideration for expectations around quality and delivery timescales, as well as any mitigating circumstances. This contract allows for payment to be made by the client to the web dev firm or individual web developer on a weekly or monthly basis but can easily be edited to account for other payment schedules and could be altered to include bonuses conditional on performance. It can also be fully customised with the details of the two parties and the duration of the contract and can be printed, downloaded and edited freely as part of our mission to open source business legals. This is a template for contractors who fit outside of the UK's off-payroll working rules (IR35).
Publisher
Genie AIJurisdiction
England and WalesValue Added Reselling Of Personal Data Outside EEA
The template covers various aspects of value-added reselling of personal data, including the acquisition, processing, storage, and transfer of data outside the EEA. It outlines the legal grounds and requirements for obtaining valid consent from data subjects, ensuring data subject rights are respected, and implementing appropriate data protection safeguards.
Additionally, the template includes provisions on data security and confidentiality measures, outlining the steps organizations must take to protect personal data from unauthorized access, loss, or alteration. It also addresses the responsibilities and liabilities of both parties involved in the value-added reselling process.
The template pays specific attention to the UK Data Protection Act (DPA) 2018 and the General Data Protection Regulation (GDPR), aligning the contractual provisions with these key legal frameworks. It provides clear definitions of relevant terms, such as data controller, data processor, and data subject, to facilitate the understanding and interpretation of the agreement.
Overall, this legal template equips organizations with a comprehensive framework and contractual terms necessary to conduct value-added reselling of personal data outside the EEA, ensuring compliance with UK law and safeguarding individuals' privacy rights.