Business Studies · Company Liquidation and Insolvency
Under UK Insolvency Law, what is the minimum statutory debt threshold owed by a company to a creditor to serve a statutory demand for payment, failure of which within 21 days allows compulsory liquidation proceedings?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1£1,500
- 2£1,000
- 3£750✓
- 4£500
Correct answer
£750
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