Well, it's a bit late now, but the Inland Revenue as main creditor has been really bothering me. A few have quoted examples whereby a club reaches an arrangement to pay off the debt, (Grimsby and Rochdale), but after searching the net this seems to have been done
to stave off a winding up order, although I could be wrong.
However Eric's piece on Radio Lancashire showed that such an arrangement was made at the start of last season, and payments were not kept up. It is on this basis that the club is being taken to court,
and could be liable to additional costs.
An Accrington statement says total debts are under £400,000 - meaning that the taxman, as majority creditor, would veto any potential CVA as is their usual intention should the club go into Administration. (Bulls News). This seems to be backed up by Luton's plight, Luton Town - Luton: 2020 dilemma , which gives various scenarios of clubs entering administration.
Maybe others were already aware of all this, maybe my interpretation is off the mark, but it seems even worse than I thought.
Time for bed.