At Last The 5 Way Agreement

[simplythebest 0]

If I were a creditor and owed any sort of largish sum, I'd certainly have been interested in pursuing that one through the courts.

 

I suppose the fact no-one has indicates that there's not much basis for doing so.

 

I do try not to spoil football boards with my politics these days but really, the way people are shafted by the wheels of business in this 'entrepreneur culture' really stinks.

Considering HMRC and Ticketus will have gobbled up the majority of the creditors pot then there likely wasn't much to gain for small creditors.

[forlanssister 3,050]

If I were a creditor and owed any sort of largish sum, I'd certainly have been interested in pursuing that one through the courts.

 

I suppose the fact no-one has indicates that there's not much basis for doing so.

 

I do try not to spoil football boards with my politics these days but really, the way people are shafted by the wheels of business in this 'entrepreneur culture' really stinks.

 

Many creditors raised the matter with BDO who looked into it and came to the conclusion that because it was included in the asset sale they are unable to take it any further.

[forlanssister 3,050]

Considering HMRC and Ticketus will have gobbled up the majority of the creditors pot then there likely wasn't much to gain for small creditors.

 

Did Ticketus not effectively withdraw from the creditors list when they went chasing Whyte's guarantees?

[Calgacus 8]

I think they would still be creditors - there was/is no guarantee that they would/will recover anything from Whyte, so the debt remains until settled. If Whyte did cough up, he would then inherit the principle creditors cl,aim against the company.