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Home » Bankruptcy » Insolvency Act 1986 - Part IX - Bankruptcy » Chapter I - Bankruptcy Petitions, Bankruptcy Orders » Insolvency Act 1986 - Bankruptcy » 270. Expedited petition

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270. Expedited petition

In the case of a creditor's petition presented wholly or partly in respect of a debt which is the subject of a statutory demand under section 268, the petition may be presented before the end of the 3-week period there mentioned if there is a serious possibility that the debtor's property or the value of any of his property will be significantly diminished during that period and the petition contains a statement to that effect.

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