Accrington Web - View Single Post

Graham Jones · 06-03-2005, 14:37

curioslu no. Councils cant go bancrupt. What happens is the Governemtn comes in and its auditors take over the council, bit like a football club going into administration. They then flog everything and cut everything till they get a balance that will continue. So for instance the Coppice could be sold and the ratepayers wouldn't have say. It wouldn't get planning permission of course and I believe it may be protected by gift of covenant.

06-03-2005, 14:37	#75
Graham Jones I am Banned Join Date: Apr 2004 Posts: 279 Liked: 0 times Rep Power: 0	Re: Council get something right!! curioslu no. Councils cant go bancrupt. What happens is the Governemtn comes in and its auditors take over the council, bit like a football club going into administration. They then flog everything and cut everything till they get a balance that will continue. So for instance the Coppice could be sold and the ratepayers wouldn't have say. It wouldn't get planning permission of course and I believe it may be protected by gift of covenant.