Ticketus to agree CVA

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i doubt a cva will be agreed - it just seems too little too late for HMRC wheras newco would still see them get around the same sum so why agree it?

Im copnfused about 2 things though -

1. how can ticketus reclaim money from whyte if they agree a CVA - surely they have agreed to payment and cant be paid twice?

2. why do i care about this?
 
simon_bhoy:2874613 said:
i doubt a cva will be agreed - it just seems too little too late for HMRC wheras newco would still see them get around the same sum so why agree it?

Im copnfused about 2 things though -

1. how can ticketus reclaim money from whyte if they agree a CVA - surely they have agreed to payment and cant be paid twice?

2. why do i care about this?

True, also if Ticketus no longer count themselves as creditors against rangers then they are replaced by other creditors to make up the 75% for cva