123 Definition of inability to pay debts
Insolvency Act 1986 (1986 c 45) | Legislation

123  Definition of inability to pay debts

(1)     A company is deemed unable to pay its debts—

(a)     if a creditor (by assignment or otherwise) to whom the company is indebted in a sum exceeding £750 then due has served on the company, by leaving it at the company's registered office, a written demand (in the prescribed form) requiring the company to pay the sum so due and the

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