Corporate (or company) Voluntary Arrangement.

Basically you get all your creditors to agree reduced payments and to write of part of the debt. They always agree, because if they don't, they know you'll go bust and they'll get f**k all.

Posted By: The Tudster on September 19th 2005 at 19:21:07

Message Thread

Scum's finanacial statements (Long) (NCFC) - Iwan Husarmi, Sep 19, 19:09:11
- Their debt is ?32.5m PLUS the loan notes..... (n/m) (NCFC) - oh arr, Sep 20, 03:35:14
- ?28m is peanuts to a company of NU's size (n/m) (NCFC) - oh arr, Sep 20, 03:33:41
- I dont think that ?1.5m is the whole of the interest due to NU each year (NCFC) - oh arr, Sep 20, 03:20:35
- I take it there will be a whip round at half time next home game. (n/m) (NCFC) - franklin, Sep 19, 19:50:57
- I actually do have some sympathy for your ordinary Town fan (NCFC) - Tomblander, Sep 19, 19:27:39
  - Well it's no fault of the supporters, (NCFC) - The Tudster, Sep 19, 19:29:31
- Makes lovely reading, doesn't it. (n/m) (NCFC) - The Tudster, Sep 19, 19:23:17
- For people who aernt financially minded.... (NCFC) - Klobo04, Sep 19, 19:11:48
  - Creditor's Voluntary Agreement (NCFC) - Iwan Husarmi, Sep 19, 19:24:56
  - I think its when you've already been through administration (NCFC) - pants, Sep 19, 19:21:54
  - Corporate (or company) Voluntary Arrangement. (NCFC) - The Tudster, Sep 19, 19:21:07
    - So basically... (NCFC) - Klobo04, Sep 19, 19:23:41
      - Yep. The lesson. If you are going to get yourself in debt, do it big style. (n/m) (NCFC) - The Tudster, Sep 19, 19:27:17
        
        like the Channel Tunnel ! (n/m) (NCFC) - oh arr, Sep 20, 03:36:46
    - i'd have disagreed (n/m) (NCFC) - Denizen, Sep 19, 19:22:02
      - bloody enter button, either i get full money or scum out of business, win-win (n/m) (NCFC) - Denizen, Sep 19, 19:22:59
        
        Emotionally yes, commercially no. (n/m) (NCFC) - The Tudster, Sep 19, 19:25:38

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