Jump to content

Luke Shanley


showtime69
 Share

Recommended Posts

has been on SSN for the past 2 days saying its 75% of creditors we need to agree to the cva

i thought it was 75% of money owed??

also my mate is studying law and he says its 75% of money owed

is Shanley an idiot?

sky shouldnt be employing clowns like this if they cant get the facts right

ps if he is right i apologise and im happy to admit im a clown instead lol

Link to post
Share on other sites

has been on SSN for the past 2 days saying its 75% of creditors we need to agree to the cva

i thought it was 75% of money owed??

also my mate is studying law and he says its 75% of money owed

is Shanley an idiot?

sky shouldnt be employing clowns like this if they cant get the facts right

ps if he is right i apologise and im happy to admit im a clown instead lol

75% of money.

Link to post
Share on other sites

has been on SSN for the past 2 days saying its 75% of creditors we need to agree to the cva

i thought it was 75% of money owed??

also my mate is studying law and he says its 75% of money owed

is Shanley an idiot?

sky shouldnt be employing clowns like this if they cant get the facts right

ps if he is right i apologise and im happy to admit im a clown instead lol

I know fuck all but what if there was only 2 creditors, how would you get 75% if one disagreed?

Link to post
Share on other sites

This is old knowledge.

Creditors representing 75% of the debt must vote in favour.

aye mate thats what i thought

Shanley was outside Ibrox yesterday and said it was 75% of creditors and today he was outside the court in Edinburgh and said something along the lines of "HMRC and tickets being the main creditors but there are more and 75% of them are needed"

guy is a fudd

Link to post
Share on other sites

2.1 A CVA is a formal procedure pursuant to Part I of the Act which enables a company to make

a proposal to its creditors and its members for a composition in satisfaction of its debts. It

requires the approval of 75% or more in value of the creditors, and more than 50% in value of

the members, voting on the resolution.

75% of the total debt. End.

Except the bit that says 'voting on the resolution'.

If i owe creditors £1000 (1 person £400 + 6 others £100 each) if the creditor owed £400 cose not to vote I would only require 75% of the remaining £600

Link to post
Share on other sites

Not true, if the person owed £400 rejected a CVA, then by proxy the maximum percentage of debt you could agree to have dealt with by a CVA would amount to 60%. Ergo, no go.

Right?

yes but if they didn't vote how can they reject it?

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

  • Upcoming Events

    • 18 January 2022 19:45 Until 21:45
      0  
      Aberdeen v Rangers
      Pittodrie
      Scottish Premiership
      Live on Sky Sports Football and Sky Sports Main Event
×
×
  • Create New...