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Camp bestival tickets


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  • 3 weeks later...
2 hours ago, eFestivals said:

According to reports, the police are kicking off about the money they're owed, and the event doesn't have a licence currently.

I'm guessing it'll get sorted by the new owners throwing the old bill some of the money they're owed (which the new owners aren't actually liable for).

There's complications with just paying the old bill, though.  Unsecured non-preferential creditors must all be treated equally and receive the same pence in the pound settlement. 

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3 minutes ago, stu_kent said:

There's complications with just paying the old bill, though.  Unsecured non-preferential creditors must all be treated equally and receive the same pence in the pound settlement. 

As I understand it, the bad debts are with the company before it was sold by the administrator, and not with the company as it exists now under new ownership.

So if the new owners decided to pay one person and not another, that's something outside of the "preferential creditors" thing (and in theory the old bill could collect their debt a second time from the administrator too).

 

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