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Author Topic: Variation on the CVA  (Read 3984 times)
Fred Elliot
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« on: Saturday, June 16, 2007, 15:45:24 »

I for one know that creditors have not been asked to attend a meeting

If nevertheless the company has difficulty in meeting its obligations under the CVA then it is possible to go back to the creditors for a variation of the CVA terms. As with the original terms a variation is effective only if it is agreed by 75% by value of creditors voting at a meeting specifically convened to consider the variation.

http://www.debthelpuk.co.uk/info/cva.htm



Check out items 38 and 39 in this document


www.accaglobal.com/pubs/members/professionalstandards/ monitoring/insolvency/sips/sip3.pdf
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Summerof69

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« Reply #1 on: Saturday, June 16, 2007, 15:48:12 »

Seemingly Andronikou follows his OWN rules.
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glos_robin

« Reply #2 on: Saturday, June 16, 2007, 15:48:40 »

Think we are going to have to start pointing things out to Mr Andronikou. I might email him kindly pointing out that some of the 'busy bodies' are the creditors and slagging them off doesn't exactly aid renegotiating the CVA.
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Fred Elliot
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« Reply #3 on: Saturday, June 16, 2007, 15:54:13 »

No.................. the way forward is to start highlighting stuff like this through the media

Get your letters flying in to the Adver, we know how much more effective that is that sending e mails to the club or Hacker Young
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lebowski

« Reply #4 on: Saturday, June 16, 2007, 15:58:44 »

was there ever a definitive answer on whether renegotiating the terms of the CVA would incur a 10 point penalty from the football league?
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Samdy Gray
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« Reply #5 on: Saturday, June 16, 2007, 15:58:59 »

There's a copy of the CVA proposal on the Trust website, I suggest Mr Andronikou might want to read it sometime within the next fortnight.
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glos_robin

« Reply #6 on: Saturday, June 16, 2007, 15:59:57 »

True, but I think Andronikou has got off pretty lightly and with people not personally contacting him allowed him to think he can say whatever he wants. A few emails to him might bang home the point that he's not untouchable.
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Fred Elliot
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« Reply #7 on: Saturday, June 16, 2007, 16:00:43 »

Quote from: "lebowski"
was there ever a definitive answer on whether renegotiating the terms of the CVA would incur a 10 point penalty from the football league?


No.........the FL declined to be drawn on hypothetic (sp) situations
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Summerof69

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« Reply #8 on: Saturday, June 16, 2007, 16:01:22 »

Quote from: "lebowski"
was there ever a definitive answer on whether renegotiating the terms of the CVA would incur a 10 point penalty from the football league?


Do we really want to chance it?
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sonic youth

« Reply #9 on: Saturday, June 16, 2007, 16:01:34 »

Quote from: "lebowski"
was there ever a definitive answer on whether renegotiating the terms of the CVA would incur a 10 point penalty from the football league?


not afaik, the football league wouldn't comment on specific cases
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Power to people

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« Reply #10 on: Saturday, June 16, 2007, 16:08:17 »

Quote from: "glos_robin"
True, but I think Andronikou has got off pretty lightly and with people not personally contacting him allowed him to think he can say whatever he wants. A few emails to him might bang home the point that he's not untouchable.


He'll only ignore them any way, if it is in the adver then it is in the public domain for everyone to see and hear and can't be ignored.
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Fred Elliot
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« Reply #11 on: Saturday, June 16, 2007, 16:09:30 »

Here here P2P
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Samdy Gray
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« Reply #12 on: Saturday, June 16, 2007, 16:10:04 »

What if I was to, say, 'accidentally' sign him up to some email services?
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glos_robin

« Reply #13 on: Saturday, June 16, 2007, 16:11:19 »

theoretically speaking of course Sam that would be ace but obviously you wouldn't do such things as it is morally wrong and all that  Wink
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Samdy Gray
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« Reply #14 on: Saturday, June 16, 2007, 16:15:20 »

Ofcourse I wouldn't, I was only pondering. Obviously.
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