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Understanding 清盤申請 (Winding-Up Petition)

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A 清盤申請 refers to a winding-up petition, a formal legal request made to the court to liquidate a company. It usually arises when a business is unable to pay its debts or has become insolvent. This process is common in jurisdictions like Hong Kong and other regions influenced by British company law. When a 清盤申請 is filed, it means creditors, shareholders, or even the company i... https://www.ruthy-chan-bankruptcy.com/compulsory-winding-up
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