Isnt the term 'preferential creditor'? They get paid first, then the rest get paid with whatever is left, often nothing.
That's why when the local double glazing company goes into admin whilst you had some windows on order, the only chance you get of getting your windows or cash back is if the new buyer (if there is one) honours the existing orders. Come on, I thought this was clear? Isnt this the reason HMRC is pissed off with football? Because it has to get in line with normal creditors whilst football creditors are preferential? > -----Original Message----- > From: [EMAIL PROTECTED] [mailto:leedslist- > [EMAIL PROTECTED] On Behalf Of RickD > Sent: 15 June 2007 17:59 > To: leedslist > Subject: Re: [LU] The inevitable does happen > > At least the disco man got something back, if normal business > > rules applied he would have got fuck all because it would have ALL > gone to > > HMRC. > > Total rubbish. If you can explain this then you will certainly surprise > me > for one. _______________________________________________ the Leeds List is an unmoderated mailing list and the list administrators accept no liability for the personal views and opinions of contributors. Leedslist mailing list [email protected] http://list.zetnet.co.uk/mailman/listinfo/leedslist Join The Leeds United Supporters Trust at www.lufctrust.org
