In a true 'Danger, Danger Will Robinson' Lost in Space style rant who is likely to 'pull the plug' first?
Under the CVA..
HMRC
The Council
Creditor X
or
The Inland Revenue
The football League
St Modwen (due in 2008)
Bill Power (Court Case Pending)
Am I right in thinking if it’s one of the CVA crew that apply for the winding up order then it’s deemed as failed and the whole shebang becomes repayable?
Presumably Bill’s loan was unsecured so the scenario of him putting the club into Administrative Receivership is also out of the question?
http://msnbcmedia3.msn.com/j/msnbc/Components/Photos/060421/060421_lostinspace_vmed_3p.widec.jpg
