Question for the accountants on here

[still holding out for new heroes 0]

Question - If City were to go into administration would this write off the main bulk of our debts to the bank?

[dylanisabaddog 6,133]

no

[Beauseant 0]

[quote user="still holding out for new heroes"]Question - If City were to go into administration would this write off the main bulk of our debts to the bank?[/quote]

I''m not an accountant, but this will answer your question, and hopefully give the lie to those who are suggesting that this can, in any way be a good thing!

 

http://www.businesslink.gov.uk/bdotg/action/detail?type=RESOURCES&itemId=1073792363