Results 1 to 6 of 6

Thread: Rugby Wrap S5 Ep 13 Fergus Lee-Warner and Daniel Bredenkamp

  1. #1
    Robot NewsBot's Avatar
    Join Date
    Sep 2005
    Location
    20 Minutes into the future ...
    Posts
    5,644
    vCash
    5000000

    Rugby Wrap S5 Ep 13 Fergus Lee-Warner and Daniel Bredenkamp

    Fergus Lee-Warner and the Liquidators sounds like the name of a band, but it's our two guests this week as we look at the Rebels situation and catch up with one of the former Western Force stars now playing for the Tahs.



    Listen to podcast on "The Rugby Wrap"

    0 Not allowed! Not allowed!

  2. #2
    (Previously WFDS) WFDom's Avatar
    Join Date
    Nov 2011
    Location
    Margaret River
    Posts
    2,081
    vCash
    5644000
    Great episode this week...

    Daniel Bredenkamp is a liquidation expert who breaks down the Rebels situation.

    Tess was having a lot of fun with FLW.

    As he said, there will be a few Force players hell bent on proving Darren Coleman wrong for letting them go!
    Almost the next best thing to having Joe Schmidt visit us again!!!

    0 Not allowed! Not allowed!
    Great game, Fucken battled right through to the 80!

  3. #3
    Immortal Contributor shasta's Avatar
    Join Date
    Feb 2006
    Location
    Mandurah
    Posts
    15,857
    vCash
    5582000
    Quote Originally Posted by WFDom View Post
    Great episode this week...

    Daniel Bredenkamp is a liquidation expert who breaks down the Rebels situation.

    Tess was having a lot of fun with FLW.
    Yep. Good listen. I hope F L-W does enough to at least get a squad call-up. Just not this week.

    Afraid the liquidation bloke did not make the Rabble's situation much clearer for me. The "deed of company arrangement", I think he called it (?) gets the directors off the hook. The creditors have narrowly accepted that. But what happens to the dissenting creditors, specifically the ATO? Are they forced to accept the 15c per dollar outcome?

    1 Not allowed! Not allowed!

  4. #4
    Rookie
    Join Date
    Oct 2021
    Location
    Perth
    Posts
    77
    vCash
    5072000
    Quote Originally Posted by shasta View Post
    Afraid the liquidation bloke did not make the Rabble's situation much clearer for me. The "deed of company arrangement", I think he called it (?) gets the directors off the hook. The creditors have narrowly accepted that. But what happens to the dissenting creditors, specifically the ATO? Are they forced to accept the 15c per dollar outcome?
    Yes.
    If the majority of creditors vote to accept it, then that is the deal that applies to ALL creditors.
    Likewise, if a majority voted NOT to accept the DOCA, the minority can't make side-deals to get themselves paid out at that rate.

    0 Not allowed! Not allowed!

  5. #5
    Immortal Contributor shasta's Avatar
    Join Date
    Feb 2006
    Location
    Mandurah
    Posts
    15,857
    vCash
    5582000
    OK. But I still find it unbelievable that the ATO can be sidestepped so easily. I don't know the legalities but common sense tells me that the tax office is not a regular "creditor" who willingly supplies goods or services. So I expect the tax liability will be still be payable in full by the Rebels if they continue to trade.

    0 Not allowed! Not allowed!
    "The main difference between playing League and Union is that now I get my hangovers on Monday instead of Sunday - Tom David


  6. #6
    Immortal Contributor
    Moderator
    Burgs's Avatar
    Join Date
    Oct 2005
    Location
    Country WA
    Posts
    23,005
    vCash
    444000
    Quote Originally Posted by shasta View Post
    OK. But I still find it unbelievable that the ATO can be sidestepped so easily. I don't know the legalities but common sense tells me that the tax office is not a regular "creditor" who willingly supplies goods or services. So I expect the tax liability will be still be payable in full by the Rebels if they continue to trade.
    My understanding is-
    1. Liquidator in full
    2. ATO in full or by arrangement
    3. Wages in full
    4. Secured Creditors
    5. Good luck unsecured

    1 Not allowed! Not allowed!
    "Bloody oath we did!"

    Nathan Sharpe, Legend.

Similar Threads

  1. Rugby Wrap S4 Ep 22 with Daniel Herbert
    By NewsBot in forum Rugby
    Replies: 0
    Last Post: 16-08-23, 18:38
  2. Rugby Wrap S3 Ep10 with Fergus Lee-Warner
    By NewsBot in forum Rugby
    Replies: 1
    Last Post: 21-04-22, 10:38
  3. Replies: 1
    Last Post: 18-05-17, 12:37
  4. Queensland Reds' Daniel Braid to return to New Zealand rugby
    By sandgroperrugby in forum Queensland Reds
    Replies: 16
    Last Post: 29-04-10, 20:42
  5. Cricket David Warner
    By jargan83 in forum Other Sports
    Replies: 7
    Last Post: 12-01-09, 16:23

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •