Administrator Must Publish A Report
Report Must Be Published
According to Coventry City supporter and an insolvency practitioner of Business Recovery and Insolvency Alan Limb, SISU's appointed administrator Paul Appleton will have to produce a publicly available report before May 16th.
Speaking to the Coventry Telegraph's Les Reid, Mr Limb said:"This is a report on the background to the administration, what he has done since his appointment, and what he intends to do in order to realise assets for creditors.
"There will also be details of the company’s assets and liabilities and its creditors. The proposals have to be sent to all creditors and filed at Companies House, so they will be publicly available."
More on this: http://www.coventrytelegraph.net/news/coventry-news/2013/03/28/legal-wrangling-holding-up-10-point-deduction-for-coventry-city-92746-33078770/#ixzz2OqMqKo5c
Source: Coventry MAD
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