RE: Cva question9 Nov 2022 21:21
Saab93se — the big difference in Debenhams facts was that it had gone into Administration in 2019 (where an administrator took control of the company) before it had to be taken to CVA, whereas with Joules, the talk is solely of a CVA, no Administration (where directors keep control of company, and the insolvency practitioner solely manages the creditor payment plan process). Would JBrown join a company afresh and Tom Joule take up an operating role, to hand it over to Administration ? Well, that’s what investors need to place their bets on …