Zappa 0 Posted April 23, 2014 Share Posted April 23, 2014 There is perhaps one benefit in an administration scenario. If a CVA is agreed, the secured debt will not be taken into account in the CVA. That's to say the company would emerge from admin and the debt would remain intact and secured against the assets in favour of the trust - that would give the trust a better standing (and presumably would at least require season tickets to be honoured) in administration. This a very interesting point made by Marty101. Most of us don't even want to consider a second administration event, but all possible/potential scenarios need to be considered. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,059 Posted April 24, 2014 Share Posted April 24, 2014 This a very interesting point made by Marty101. Most of us don't even want to consider a second administration event, but all possible/potential scenarios need to be considered. It is also the main reason as to why the board/major shareholders won't contemplate the notion of any form of trust gaining security, they won't be a party to hemming themselves in. 0 Quote Link to post Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.