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Poor reporting from the Gazette and usual prejudiced responses from those who do not understand what has gone. The partners will not get off. This was a traditional partnership with unlimited liability joint and several. The firm's creditors will vote on whether to accept a Partnership Voluntary Arrangement taking 10 pence in the pound, or they can reject it and bankrupt all of the partners. The creditors can recover against the individual partners if they reject the offer put forward, and why would they accept it? Why not take the partners' homes cars etc?

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