My Understanding is that they have made it known that they will appeal to the Courts any CVA where they don't have the 25% to block. depending on what Luto owe it will either be a blocked CVA or an appeal to the Courts, what Luton then do and the Football Leagues response that will be interesting.
----- Original Message ---- From: "[EMAIL PROTECTED]" <[EMAIL PROTECTED]> To: [EMAIL PROTECTED] Cc: leedslist <[email protected]> Sent: Saturday, 24 November, 2007 7:59:15 AM Subject: [LU] Luton and HMRC (was The Blackwell of Calculta) As best I know it - HMRC policy is to vote against a CVA:- IF football creditors will effectively be given preferential treatment. HMRC can't block the CVA unless they are owed more than 25% of the debt. If owed less than 25% they would still vote against it but would not be able to block it, voting alone. The decision to vote against it turns on whether or not football creditors are given preferential treatment. Of course if they are annoyed with any of the arrangements for any other reasons then they might opt to challenge via the courts but that is a separate decision. ----- Original Message ----- > Because they are yet to attempt to come out of admin via a CVA. If they > do come out via a CVA then they wont be deducted the extra 15 points. > > What will be interesting is if they owe HMRC any dosh, because if they do > will HMRC challenge the CVA as they have (allegedly) said they would? _______________________________________________ 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 DELETE THE FOOTERS WHEN REPLYING YOU LAZY SODS!!!! DELETE THE FOOTERS WHEN REPLYING YOU LAZY SODS!!!! _______________________________________________ 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 DELETE THE FOOTERS WHEN REPLYING YOU LAZY SODS!!!! DELETE THE FOOTERS WHEN REPLYING YOU LAZY SODS!!!!
