CVA Shambles

[STFC_Gazzza]

According to today's Adver The CVA Cannot be signed off as complete because Dunwoody have upped their claim in the CVA from £11,000 to £750,000. Funny how when they were running the club Dunwoody didnt want £750,000. Why can't they just fuck off? 

The other creditors are getting annoyed now because their share will go down etc.. Seems a bit dodgy, andronikou was dealing wtih this and all of a sudden because we have money Dunwoody up their claim to over £600,000 more??? 

[Batch]

Bunch of cunts. No surprise there Gazza. Bang goes even more playing budget at the very least on legal costs.

Presumably, when they wanted the (Best Holdings) deal to go through they put in a small claim to give confidence that the CVA could be paid off. Now we have rich suitors they suddenly remember the 3/4 million they claim, and as you say Andronikou will have the call over whether it is legitamate. I wonder what he'll decide.

If the CVA isn't signed off is there a possibility of a points deduction? Note this is a question, not a statement!

If I ever see the Fat controller I'm going to kick him n the balls. Hard.

[Samdy Gray]

And there's also another spurious claim from a company called International Sports Management. Could this be the Portugeezers?

[fatbury]

will we ever be rid of this nightmare

[Barry Scott]

And there's also another spurious claim from a company called International Sports Management. Could this be the Portugeezers?

ISM is the company which manages David Howell and numerous other golfers; Chubby Chandler's company. That is of course presuming the lying cunt greek hasn't started a company by that name also.

[LucienSanchez]

Oh for fucks sake... can someone who knows how CVAs work put all our minds at ease by informing us that this claim will fall flat on it's stupid greek face?

[magicroundabout]

F*** OFF YOU FAT GREASEY C*** AND LEAVE OUR CLUB THE F*** ALONE

God this has annoyed me this morning. bunch of money grabbing wankers

thought i'd tone that down a bit incase anyone is reading this at work

[Batch]

full story

http://www.thisisswindontownfc.co.uk/display.var.2411438.0.creditor_crunch.php

LONG-suffering Swindon Town creditors are fearing further financial misery amid warnings the CVA saga could drag on for the foreseeable future.

Town's claimants have been stunned by almost £1million of increased claims in a recent creditors' list, leaving them facing the prospect of heavier losses, but the club's administrators admit a current legal battle means the uncertainty could be around for some time.

Sports marketing company Dunwoody have increased their claim from £11,000 to £750,000 while a new £127,000 claim from International Sports Management has left creditors mystified.

It had been agreed the original CVA would see all unconnected creditors receive 24p to the pound but they now fear a substantially smaller return should the new claims be validated.

Club chairman Andrew Fitton, pictured, has revealed his frustration at the ongoing CVA issue, with HM Revenue still owed £1m - although administrators Hacker Young insist they will be paid in the next couple of weeks.

They warned the CVA would not be completed though until a legal battle was completed with former administrators Kroll over a dispute about a £60,000 bill for CCTV, and admitted it could drag on for some time yet.
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A unnamed Town creditor revealed his concerns over their situation and called for another creditors' meeting to help clear up the matter.

He said: "As a creditor we seem to have been kept very much in the dark, every time there seems to be an opportunity to rubber-stamp the CVA and put an end to this sorry saga another matter arises.

"As creditors we seem to be the last to know, it was only when pushed that some answers have been forthcoming.

"Hacker Young should realise they are undertaking the CVA on our behalf, there are several aspects of the CVA that we think need further investigating and our 24p in the pound seems to be diminishing daily.

"The latest increase from 11k to 750k for one creditor seems incredulous and we need to understand why this has just surfaced five years on.

"The creditors have asked for a meeting with Hacker Young but they seem very reluctant, this leaves us as creditors wanting to know why.

"If the CVA is nearing completion then why not hold a meeting to clear the air, that is unless there are more skeletons to arise from the ashes."

Swindon thought the Company Voluntary Arrangement, which had been hanging over their head since 2002, was finally consigned to history when they paid the £900,000 owed by the May 31 deadline.

It has now emerged a certificate of completion will not be issued by administrators Hacker Young just yet, leaving club chairman Andrew Fitton frustrated.

He said: "It is frustrating but we have been told there are some problems, although we do not know what they are. Until the CVA is formally completed though our credit rating still looks bad.

Robert Sage, of Hacker Young, sympathised with the creditors' plight but admitted nothing could be done until the legal case was sorted.

He said: "I don't know how long it will go on. Our solicitors are looking into it now but these things can take anything from days to years.

"Sometimes new claims can come to light late on in a CVA and maybe that is what has happened here. Also it is important to say these claims."

[lambourn red]

Looks like Diamond Mike has resurfaced,he is like one of those anyoying shits that just wont flush away. Surely he can not get away with increasing his claim by £740,000 after all this time.

[Rich Pullen]

Oh for crying out loud... Just goes to show how well these people sleep at night.

[Samdy Gray]

Oh for fucks sake... can someone who knows how CVAs work put all our minds at ease by informing us that this claim will fall flat on it's stupid greek face?

I had a look but couldn't find anything. I'll keep digging, but I'm sure others will know.

Interestingly though, Google 'cva rules' and look at the 6th result

[Batch]

Just a friendly reminder this forum is now "open" for all to see so please don't get yourselves in liable trouble when posting in this thread.

Erm - sorry if that sounded like I was trying to be one of those nazi moderators. It's for your own good!

[BANGKOK RED]

Just a friendly reminder this forum is now "open" for all to see so please don't get yourselves in liable trouble when posting in this thread.

Erm - sorry if that sounded like I was trying to be one of those nazi moderators. It's for your own good!

Fucking fat greek cunt.

He can come to Bangkok looking for me if he wants.

[Batch]

Fucking fat greek cunt.

You may think that, I couldn't possibly comment.

[sonic youth]

Fucking fat greek cunt.

He can come to Bangkok looking for me if he wants.

it wouldn't be you they'd try to prosecute.