Re: So what is the situation : Tue Jan 18, 2011 2:49 pm
rednwhite wrote:
with respect hull kr didnt fold we went into a cva and paid our debts off i think you are confusing us with hull f c who did fold and merged with gateshead to start a new company and club.
Your CVA only paid off a tiny fraction of your debt with the rest being written off, leaving your creditors in the lurch. I don't think that's an option here.
Hull FC didn't fold, although we likely would have except for the merger. The old company wasn't wound up until after the merger, and the club itself continued with new ownership. Again, not an option here.