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Replace Cross Out Option in the Affidavit Of No Creditors

Replace Cross Out Option in the Affidavit Of No Creditors and eSign it in minutes

Aug 6th, 2022

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How to Replace Cross Out Option in the Affidavit Of No Creditors

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(uplifting music) - Hey, everybody. Paul from Cary Estate Planning, back with another video as part of our 2020 video challenge. This is continuing on our theme of estate administration. Today, were talking about the affidavit of notice to creditors. So, in addition to the affidavit of publication that we spoke about the previous video, the personal representative has to also swear through the affidavit of notice to creditors that they have put known creditors on notice of the death itself and made them aware of their need to make a claim against the estate, ing to the required timeframe. So these things are usually, you know, submitted simultaneously to the clerk of court, along with the inventory of deceased estate and other pleadings around the midpoint of the estate. This is Paul from Cary Estate Planning. (uplifting music)

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

What happens after winding up petition?

If the petition is successful, the company will be wound up and put into liquidation. The court will appoint an interim liquidator. The interim liquidator will take control of the company and its assets.

How do I amend a petition in California?

File the original amended petition with the clerk, as you did when you filed your original petition. Unlike with the original filing, there is no fee for filing the amended paperwork. Ask the clerk to file-stamp your two photocopies. One copy is for your spouse, and the other is for your records.

What is the threat of a winding up petition?

A winding up petition is an extremely serious statement of intent by a creditor in shutting down your company due to unpaid debts.

How do I amend a winding up petition?

Restarting a limited company In short, yes you can close a limited company with debts and start again, however, there are strict rules to be followed and if there is a claim that it has been done in a fraudulent way the consequences can be severe.

How do I stop winding up a petition?

You can apply to stop your creditors from making a winding-up petition if you were given a statutory demand. They can withdraw the petition if your company pays the debt or makes an arrangement to pay it.

What happens to debts when a company is struck off?

Can you Close a Company With Debts? Yes. If your company has debts that it cannot afford to repay and carrying on is no longer viable, you can close down the business using a formal insolvency procedure known as a creditors voluntary liquidation (CVL).

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