Debt Restructuring: Avoiding Company Bankruptcy In Hong Kong

For the same motive, astute commerce creditors could stop supplying a enterprise once they become aware of the winding-up petition. Given the serious penalties of a winding-up petition, it will be significant for any company receiving a statutory demand to manage the method fastidiously. Adjourn the Winding-up Order to Allow a Restructuring - Even when there isn't a foundation to remain the winding-up petition, the presentation of a petition does not imply that a winding-up order is imminent.

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