Reply To: Neil Cox

Iron Bru Forums Blast Furnace Neil Cox Reply To: Neil Cox

#244687
AwaywegoAwaywego
Participant
Offline
Registered On: June 20, 2017
Topics: 197

Once you go into admin Deerey the owner is excluded,the administrator takes charge of everything other than managing the football team, it is meant as a last resort when you can’t pay your debts, the admin then has the duty of selling off the assets to get a good a deal for the creditors,( obviously Swanny will be one of them) this process will do very well to pay creditors 75p in the pound often much less. Which would you do sell and be in control during the process or hand over everything to the administrator? of course if he’s absolutely desperate he may be forced to do it. WG is right on the ground.

1 user thanked author for this post.