wearethepeople1 3,897 Posted May 29, 2012 Share Posted May 29, 2012 It has been said that 75% for the creditors have to agree or it doesn't happenDoes that mean 75% of all the companies owed money have to agree, or does it mean companies owed 75% of the Money have to agree.Example - obviously HMRC and ticketus are owed a large % of the money, say 50% for talking sake.So do they could has "50%" of the creditors, or only 2 companies.The reason I ask is there is a shitload of small companies that are owed small amounts and could literally get a few quid back for what they are owed, and if any of they companies are owned or run by tims, they will probably just say no to the deal to spite us since they don't have much to lose! And I wouldn't take long for that 25% of no votes to bugger the CVAOr is it only the "big" creditors that get a say in the outcome??Hope that makes sense guys! Quote Link to post Share on other sites More sharing options...
BallochBear 1,613 Posted May 29, 2012 Share Posted May 29, 2012 It has been said that 75% for the creditors have to agree or it doesn't happenDoes that mean 75% of all the companies owed money have to agree, or does it mean companies owed 75% of the Money have to agree.Example - obviously HMRC and ticketus are owed a large % of the money, say 50% for talking sake.So do they could has "50%" of the creditors, or only 2 companies.The reason I ask is there is a shitload of small companies that are owed small amounts and could literally get a few quid back for what they are owed, and if any of they companies are owned or run by tims, they will probably just say no to the deal to spite us since they don't have much to lose! And I wouldn't take long for that 25% of no votes to bugger the CVAOr is it only the "big" creditors that get a say in the outcome??Hope that makes sense guys!It's 75% of the creditors by value irrespective of who or how many are owed money. So fag packet calculation is if we owe £100m and HMRC are owed £60m of that then they are 60% of the "voting" power. Quote Link to post Share on other sites More sharing options...
spireblue 229 Posted May 29, 2012 Share Posted May 29, 2012 . Quote Link to post Share on other sites More sharing options...
spireblue 229 Posted May 29, 2012 Share Posted May 29, 2012 yes it is only the big guys that get a say.hmrc and ticketus make up more than 75% of the total monies (debt) owed. so therefore if they both agree the cva pence in the pound on offer all other creditors have to fall in line and accept that deal. Quote Link to post Share on other sites More sharing options...
wearethepeople1 3,897 Posted May 29, 2012 Author Share Posted May 29, 2012 Thanks guys. I would imagine ticketus will probably except so they can get something back then go after whyte So it's really down to HMRC Quote Link to post Share on other sites More sharing options...
ace1 49 Posted May 29, 2012 Share Posted May 29, 2012 Actually, I worked it out & concluded that Ticketus = 50% of current debt, HMRC = 25%, others = 25%So in essence, even if HMRC decline the CVA, but everyone else accepts it would go through. Quote Link to post Share on other sites More sharing options...
MrT 173 Posted May 29, 2012 Share Posted May 29, 2012 It has been said that 75% for the creditors have to agree or it doesn't happenDoes that mean 75% of all the companies owed money have to agree, or does it mean companies owed 75% of the Money have to agree.Example - obviously HMRC and ticketus are owed a large % of the money, say 50% for talking sake.So do they could has "50%" of the creditors, or only 2 companies.The reason I ask is there is a shitload of small companies that are owed small amounts and could literally get a few quid back for what they are owed, and if any of they companies are owned or run by tims, they will probably just say no to the deal to spite us since they don't have much to lose! And I wouldn't take long for that 25% of no votes to bugger the CVAOr is it only the "big" creditors that get a say in the outcome??Hope that makes sense guys!Basically if HMRC and Ticketus agree the CVA then it's all good in the hood!I would imagine that would cover around 75% if not more. Quote Link to post Share on other sites More sharing options...
The Godfather 72,437 Posted May 29, 2012 Share Posted May 29, 2012 Basically if HMRC and Ticketus agree the CVA then it's all good in the hood!I would imagine that would cover around 75% if not more.Indeed! Quote Link to post Share on other sites More sharing options...
CHAMPS4LIFE 86 Posted May 29, 2012 Share Posted May 29, 2012 did anyone listen to one of the admins on BBC radio this morning ? i missed it Quote Link to post Share on other sites More sharing options...
ace1 49 Posted May 29, 2012 Share Posted May 29, 2012 did anyone listen to one of the admins on BBC radio this morning ? i missed itWas it something along the lines of; Daly & BBC are cocks, SFA/SPL not fit for purpose, RFC out of admin on 12th July, and, there's no pope of Rome? Quote Link to post Share on other sites More sharing options...
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