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posted by [identity profile] hsenag.livejournal.com at 02:46pm on 08/10/2008
I've been wondering what would happen if a depositor tried to enforce a bankruptcy petition against them. Probably they'll declare it's broken properly before any such thing could kick in, though.
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(no subject)

posted by [identity profile] robert-jones.livejournal.com at 09:37pm on 08/10/2008
You can't bring a winding up petition against a company in administration.
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posted by [identity profile] hsenag.livejournal.com at 10:25pm on 08/10/2008
Is it actually in administration yet, though?
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posted by [identity profile] robert-jones.livejournal.com at 10:47pm on 08/10/2008
I thought it was, I may be wrong. There are probably some tricky issues of cross-border insolvency law here, but I understood it had invoked emergency measures to give itself short-term protection from creditors, so I presume that it has short-term protection from its creditors, which would include the account-holders.
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