View Single Post
Old 07-10-2009, 13:24   #7
JEFF
Resting In Peace
 
JEFF's Avatar
 

Re: Who could blame him?

Quote:
Originally Posted by Tealeaf View Post
It's not really a surprise. Once a winding-up order has been issued against a company, then all of it's bank accounts are frozen; No one - and that includes employees as well as trade creditors - can be paid from those accounts. Quite simply, HMRC have first call on whatever dosh is in the bank. Once arrangements have been made via the bank and the courts to pay off the debt due to HMRC and that transaction occurs, can the accounts be unfrozen.

I would guess that the players will be paid from another source and that payment would be treated as a temporary loan.
The winding up order hasn't gone through, if it had then there would be no Stanley. The Revenue have postponed the winding up order so the bank accounts will NOT have been frozen. The quote from Proccy states that half of their wages were paid last Wednesday and the rest was going to be paid on Sunday so the whole of the wages should have been paid by now.
JEFF is offline   Reply With Quote