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WillPS · 05-03-2014, 00:19

I think the CVA proposal is a token gesture to pave the way for Administration. It could even end up being a 'pre-pack' Administration, where the sale of core assets are actually arranged in advance of the company going in to Administration. This happened in the case of La Senza, and meant that they didn't actually trade in administration at all.

05-03-2014, 00:19	#1376
WillPS Inactive Join Date: May 2007 Services: VM XXL Broadband, XL TV with V+ and L Phone Posts: 211	Re: Coming soon to Virgin TV 2014 I think the CVA proposal is a token gesture to pave the way for Administration. It could even end up being a 'pre-pack' Administration, where the sale of core assets are actually arranged in advance of the company going in to Administration. This happened in the case of La Senza, and meant that they didn't actually trade in administration at all.