Search results

Yes, for all businesses. HMRC tend to oppose a lot of deals when they suspect the company or individual is using a pre-pack arrangement to weasel out of its debts, and is using HMRC as a form of interest free finance. .

HMRC no longer have preferential status following the Insolvency Act 2000. The reason why they are being more aggressive than in the past is because their return is so much lower as an unsecured creditor.

I think that is partially correct, HMRC used to have preferred creditor status, which it lost in the Insolvency Act 2000. Howard Wilkinson SAVED the Albion in 1993 when he agreed to pay £650,000 CASH for Mark Beeney, it is the ONLY good thing to have come from DIRTY LEEDS in all my time...

When any company enters administration the administrators will pay off the debts run up DURING the administration period in full. However, the debts that caused the club to enter administration will not be paid off to that extent.

Gus, Glenn and TB!

We CHOSE to offer Murray less money, that is the club's right and privilege, but it has come back to bite them on the bum. As for paying excessive wages, our wages bill was 101% of turnover in our last set of accounts, so we are not in a position to come over too high and mighty. It will be...

Getting annoyed with the trolls is completely different to applying the rule of company law and the Football League though. I agree entirely that Pompey are lucky to be in existence, as for the taxman, the Albion DID reach an agreement and did not pay the full sum due. The elephant in the...

But Leicester did have a penalty, they were subject to a transfer embargo after they went into administration. - - - Updated - - - I agree, but that is not dealing with the issue, people become very sanctimonious about the Albion always paying their debts etc, the club did not do that, it...

The rules are now set out by the Football League. Some teams, such as Leeds United, cynically exploit them.

But the debt issues took place far before Falmer was even at the planning stage.

The Albion would have been in administration too had it not been for Tony Bloom, and we also have had informal arrangements with creditors in which we have paid them a percentage of the sums due. People in glass houses etc.....

42 clubs have been in administration, that would make the League 2 fixture list very congested!