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Wednesday, 21 April 2010

Portsmouth owes £120m: Administrator may propose a CVA

A massive amount of debt was paid to the tax man but it appears that £120m of debt remains.

For those of you interested, you can download the administrators proposals including the proposal that, in time, a CVA (company voluntary arrangement) be put to creditors.

A meeting of creditors has been called for General Election day (6th May).

See here for the URL to download

See page 64 for the administrator's time costs

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