Arabic to English Law/Patents Law: Contract(s)

271. —(1) The court shall not make a bankruptcy order on a Proceedings on creditor’s petition unless it is satisfied that the debt, or one of creditor’s the debts, in respect of which the petition was presented is Petition. either—
{a) a debt which, having been payable at the date of the petition or having since become payable, has been neither paid nor secured or compounded for, or

(b) a debt which the debtor has no reasonable prospect of being able to pay when it falls due.