The Debt.

[Dave Sutton's barnet]

Ok, help me, what's a dunk tank?

Where Shane MacGowan spent Chistmas Eve.

#notquitetopicalenough

[Bruce Rioja]

Ok, help me, what's a dunk tank?

It'll be a tank for dunking people in, in a similar way to how one might dunk a Hob-nob biscuit into a cup of tea.

[Lost Leopard Spot]

Ok, help me, what's a dunk tank?

It'll be a tank for dunking people in, in a similar way to how one might dunk a Hob-nob biscuit into a cup of tea.

So, Mr Pedersen wants to dunk notourEmmaanymore in boiling hot tea and then hold her up by the head and watch bits of her drop off and plop back into the tea. Harsh. So would it be a race to see if Garty or notourEmmaanymore dissolved first?.

[Hoboh]

Ok, help me, what's a dunk tank?

It'll be a tank for dunking people in, in a similar way to how one might dunk a Hob-nob biscuit into a cup of tea.

So, Mr Pedersen wants to dunk notourEmmaanymore in boiling hot tea and then hold her up by the head and watch bits of her drop off and plop back into the tea. Harsh. So would it be a race to see if Garty or notourEmmaanymore dissolved first?.

I'd pull Mrs SKD out of the tank!

[Lost Leopard Spot]

Ok, help me, what's a dunk tank?

It'll be a tank for dunking people in, in a similar way to how one might dunk a Hob-nob biscuit into a cup of tea.

So, Mr Pedersen wants to dunk notourEmmaanymore in boiling hot tea and then hold her up by the head and watch bits of her drop off and plop back into the tea. Harsh. So would it be a race to see if Garty or notourEmmaanymore dissolved first?.

I'd pull Mrs SKD out of the tank!

She'd give you the once over. A proper tongue lashing.

[TANGODANCER]

Re Emma Davies: I'm going to go against popular opinion here and probably cause outrage, whatever,but I have a grudging sense of admiration for a lady who stands by her husband and defends him ( a man who will ever be one of my all-time White heroes) through all that comes and never backs down. Despite the rights and wrongs, controversy or misguided views, she never backed off in defence of her husband. There stands a quality lady for me.

"And Man knows it! Knows, moreover, that the Woman that God gave him
Must command but may not govern—shall enthral but not enslave him.
And She knows, because She warns him, and Her instincts never fail,
That the Female of Her Species is more deadly than the Male. "......................Rudyard Kipling...

I await the slings and arrows of noble fortune.....

[Hoboh]

SKD's Mrs or Gartside?

No brainer really, now if it was Eddie Davies and Gartside....

I'd walk away!

[LeverEnd]

http://www.bbc.co.uk/sport/0/football/35322879

Bolton Wanderers: Club may get more time to find investment

Bolton's winding-up petition hearing scheduled for 18 January may be delayed, says manager Neil Lennon.

[Lost Leopard Spot]

Re Emma Davies: I'm going to go against popular opinion here and probably cause outrage, whatever,but I have a grudging sense of admiration for a lady who stands by her husband and defends him ( a man who will ever be one of my all-time White heroes) through all that comes and never backs down. Despite the rights and wrongs, controversy or misguided views, she never backed off in defence of her husband. There stands a quality lady for me.

"And Man knows it! Knows, moreover, that the Woman that God gave him
Must command but may not govern—shall enthral but not enslave him.
And She knows, because She warns him, and Her instincts never fail,
That the Female of Her Species is more deadly than the Male. "......................Rudyard Kipling...

I await the slings and arrows of noble fortune.....

I have a similar opinion of the battleaxe, hence why Hoboh is due a tongue lashing. She's a fairly fit looking battleaxe too.

[twilight]

I like Emma Davies (there I've said it). We chat quite a bit on Twitter!

[Lost Leopard Spot]

I like Emma Davies (there I've said it). We chat quite a bit on Twitter!

You can let her know then she has two more admirers.

[Bruce Rioja]

I like Emma Davies (there I've said it). We chat quite a bit on Twitter!

Does it say anywhere on her profile - Fit Looking Battleaxe?

[twilight]

I like Emma Davies (there I've said it). We chat quite a bit on Twitter!

Does it say anywhere on her profile - Fit Looking Battleaxe?

No....but then again I can't comment on whether she is fit looking or a battleaxe or not?

[Worthy4England]

I like Emma Davies (there I've said it). We chat quite a bit on Twitter!

Does it say anywhere on her profile - Fit Looking Battleaxe?

No....but then again I can't comment on whether she is fit looking or a battleaxe or not?

That's so yesterday...

[Harry Genshaw]

So tomorrow.....

What's the worst case scenario? That the case is heard, we go into administration, lose 12 points but carry on for the time being?

Forgive my ignorance but there's no chance of total liquidation is there? I take it that only follows a period of administration if our debts/outgoings are still out of control?

[Lord Kangana]

Liquidation is if a suitable buyer isn't found and the majority of our creditors aren't satisfied with the offer we give them (p/£). My understanding is that ED is the major creditor in that situation, and therefore everybody else would have to follow his decision.

ED, again. Depends how pissed off with us he is and how much him (his family?) want to squeeze out of us.

[Lost Leopard Spot]

Liquidation is if a suitable buyer isn't found and the majority of our creditors aren't satisfied with the offer we give them (p/£). My understanding is that ED is the major creditor in that situation, and therefore everybody else would have to follow his decision.

ED, again. Depends how pissed off with us he is and how much him (his family?) want to squeeze out of us.

I don't think 'major' creditor has a bearing on it. It all depends on aggressive creditors pushing for their cash and the judges decision at a winding up hearing.
What's occurring on Monday is a petition for a winding up order. If granted a date is set in future for a court case that may lead to a winding up order. Monday isn't the final anything just a potential step to a final thing.

[Lost Leopard Spot]

To extrapolate
Scenarios 1-5
1. Voluntary Administration called by BWFC tomorrow morning. Petition goes ahead but is a technicality as it is merely informed Administration has been entered into.
2. Petition takes place. Judge orders Administration.
3. Petition takes place and judge grants it. Date set for winding up order hearing.
4. Petition takes place but on balance of evidence judge agrees to postpone to a later date (at which point scenarios 2, 3 or 5 occur providing 1 hasn't happened).
5. Judge dismisses petition.

For 5 to place place you need a new buyer or significant investment input.
Route 1 is a get out clause to avoid scenarios 2 and 3 (n.b. scenarios 1 & 2 are not the same thing).

[Lord Kangana]

Liquidation is if a suitable buyer isn't found and the majority of our creditors aren't satisfied with the offer we give them (p/£). My understanding is that ED is the major creditor in that situation, and therefore everybody else would have to follow his decision.

ED, again. Depends how pissed off with us he is and how much him (his family?) want to squeeze out of us.

I don't think 'major' creditor has a bearing on it. It all depends on aggressive creditors pushing for their cash and the judges decision at a winding up hearing.
What's occurring on Monday is a petition for a winding up order. If granted a date is set in future for a court case that may lead to a winding up order. Monday isn't the final anything just a potential step to a final thing.

If the majority of creditors agree, then that is what the administrator has to act upon. Its usually more complicated, but its quite simple in ours as he's the single 'majority'. And he did ask if we went into administration. And that's pretty much what happens.

[Nicko58]

Liquidation is if a suitable buyer isn't found and the majority of our creditors aren't satisfied with the offer we give them (p/£). My understanding is that ED is the major creditor in that situation, and therefore everybody else would have to follow his decision.

ED, again. Depends how pissed off with us he is and how much him (his family?) want to squeeze out of us.

I don't think 'major' creditor has a bearing on it. It all depends on aggressive creditors pushing for their cash and the judges decision at a winding up hearing.
What's occurring on Monday is a petition for a winding up order. If granted a date is set in future for a court case that may lead to a winding up order. Monday isn't the final anything just a potential step to a final thing.

If the majority of creditors agree, then that is what the administrator has to act upon. Its usually more complicated, but its quite simple in ours as he's the single 'majority'. And he did ask if we went into administration. And that's pretty much what happens.

So by not wiping the debt that's owed to him before a sale is completed, Eddie is protecting us from a creditor who doesn't have the best interests of the club at heart liquidating us because they don't agree with the terms?