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Rangers' Bank Accounts Have Not Been Frozen By Hmrc


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Rumours spread around the internet today that HMRC have frozen Rangers’ bank accounts. This is completely and utterly false as a creditor (like HMRC) cannot freeze a bank account. The only legal entity that has the right to freeze a bank account is the bank itself. The bank has the ability to freeze the overdraft accounts if a Winding Up Petition (“WUPâ€) is served by HMRC.

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Rumours spread around the internet today that HMRC have frozen Rangers’ bank accounts. This is completely and utterly false as a creditor (like HMRC) cannot freeze a bank account. The only legal entity that has the right to freeze a bank account is the bank itself. The bank has the ability to freeze the overdraft accounts if a Winding Up Petition (“WUPâ€) is served by HMRC.

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If a winding up order is served and advertised bank accounts are automatically frozen , and as an aside the HMRC no longer can claim prefferential creditor rights .

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If a winding up order is served and advertised bank accounts are automatically frozen , and as an aside the HMRC no longer can claim prefferential creditor rights .

Correct - no evidence of a petition yet.

HMRC have no preferential creditor rights, they're just in the unsecured part like most creditors (unlike the Bank who is secured).

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Seems to be a pathetic rumour to re-circulate without evidence to back up the allegations. But hey, it drummed up advertising revenue for someone. :disappointment:

Come now boss, 'someone' is now quoting people who are repeating his rumour (but with clarification that 'someone' was talking shite) as confirmation that 'someone' was right all along... <cr>

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Come now boss, 'someone' is now quoting people who are repeating his rumour (but with clarification that 'someone' was talking shite) as confirmation that 'someone' was right all along... <cr>

Sounds like an episode of "Soap". I know you're old enough to remember...

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