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Sugarfoot - you are referring to a Members Voluntary Liquidation which is the liquidation of a solvent company. A Creditors Voluntary Liquidation, which is the case her, is the liquidation of an insolvent company. The voluntary aspect is that the shareholders consent to place the company into liquidation rather than requiring a creditor to petition the court. Nevertheless it is likely that there will be a significant deficiency rather than a surplus.
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Dosn't say much for BRITISH racing if one of Dunlops standing and patronage ends in this way.
Strange how he encouraged TWO sons to follow in his footsteps IF the industry is in such a poor state???? |
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Too many trainers. Looks like plenty will have to get proper jobs soon.
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Mombasa
Last time, 50/1, 8th of 15 btn 10L, timeform comment "seemingly being brought along with handicaps in mind, seems to be building up to something, not knocked about, never on terms". Today, gambled on and hoses up. Where would we all be without these "honourable gentlemen"? |
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Betfair Eddie obviously played his part last time.
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John helped finance both sons to set up as trainers. If John Leeper wins maybe some of the prize money could be used to pay off their debts.
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