creditors meeting. ? (1 Viewer)

[quinn1971]

There was a caller on cwr the other week who worked as an administrator.He said that the next stage of the administration would. Be.that the admin will hold a meeting with all the creditors what would this meeting involve. ?and as acl/ccc are also creditors due to the rent would they also be present. Or is it with just the main creditors only.?

 

---

[TheParsonsHose]

I think our administrator has a few more holidays planned before he does any more.

 

[stupot07]

Nothing will happen until his report has gone to court, which I believe is due in the 16th May.

 

[quinn1971]

Nothing will happen until his report has gone to court, which I believe is due in the 16th May.

But wouldn't he need to know who is owed what for him to make his report ?

 

[WillieStanley]

I think the rule is football creditors first. I'm not sure where that puts ACL, but I assume Avro/SISU are the main priority.

 

[Tonylinc]

Avro/Sisu is the ONLY priority for this Aministrator.

 

[Otis]

Nothing will happen until his report has gone to court, which I believe is due in the 16th May.

16th May?

It just had to be didn't it!!

 

[Brighton Sky Blue]

I think the rule is football creditors first. I'm not sure where that puts ACL, but I assume Avro/SISU are the main priority.

That means the players, backroom staff, and other clubs. As we've not paid a fee for anyone since McDonald the latter is unlikely.

 

[stupot07]

But wouldn't he need to know who is owed what for him to make his report ?

Shouldn't that be all written down in the accounts?

 

[stupot07]

That means the players, backroom staff, and other clubs. As we've not paid a fee for anyone since McDonald the latter is unlikely.

Barton.......

 

[Tonylinc]

16th May?

It just had to be didn't it!!

Off course! It's a Thursday......missed that one.

 

[quinn1971]

Shouldn't that be all written down in the accounts?

Think any normal accounts it would.Would love to see sisus accounts.The bird off countdown would struggle with their figures

 

[stupot07]

Think any normal accounts it would.Would love to see sisus accounts.The bird off countdown would struggle with their figures

I definitely wouldn't struggle with hers!

 

[Brighton Sky Blue]

Barton.......

It's easy to forget him to be fair.

 

[quinn1971]

I definitely wouldn't struggle with hers!

I,d have two from the top off her.Not quite sure what that means

 

[SkyBlueBlood]

1 = Football Creditors (Players, Coaches and other Football Clubs / governing bodies)
2 = Super Creditors (HMRC etc)
3 = Preferential Creditors (Staff Wages etc)
4 = Avro and their debenture
5 = General Creditors

 

[hutch1972]

Off course! It's a Thursday......missed that one.

May 16th has a bigger significance than being a thursday !!! whats the chances of a 3 o'clock hearing

 

[SkyblueBazza]

May 16th has a bigger significance than being a thursday !!! whats the chances of a 3 o'clock hearing

Wonder if Neil Midgely will be in charge?

 

[Sky Blues]

Wonder if Neil Midgely will be in charge?

Neil Midgley died in 2001, aged 58, after a short battle with cancer.

Source: http://www.theboltonnews.co.uk/news...feree_husband_inspired_me_to_help_at_hospice/