Re: Debts
Views: 539
My understanding is that assets would be somehow divided between the creditors, where a "priority" system is used.
That would be 1) liquidators 2) Wages 3) HMRC and the line 4) secured loans 5) everyone else 6) unsecured loans.
As of June 22 Boro Leisure had about £10,000 of "Intangible Assets" and £59,000 of Stock Assets -----whatever that means.
A problem that I see is because there are no directors OR persons with significant control is there anyone who can liquidate the company?
I have been told that liquidation is taken more "seriously" than administration and more forensic accounting takes place.
Given the turmoil in ownership over the last 3 months and currently "no captain of the ship" this will probably raise some red-flages
**** This is my understanding and should NOT be taken as fact **** but it makes sense (well to me it does).
>>>> Former Nuneaton Boro fan <<<<
reply to this article | return to the front page
Next article in this thread: Re: Debts by Boropod19/1 07:42Fri Jan 19 07:42:32 2024
Debts by Dougie819/1 07:36Fri Jan 19 07:36:52 2024view thread
- Re: Debts by VS Griff19/1 08:18Fri Jan 19 08:18:53 2024
- Re: Debts by Boropod19/1 07:42Fri Jan 19 07:42:32 2024