Quote: Adeybull "
..... and also am strongly opposed to businesses going bust, taking the taxpayer and other (often small, local) creditors for a load of money - then rising from the ashes as if everything was right with the world. Its not IMO - its morally wrong and tantamount to theft.'"
I completely agree with that sentiment and it always is the small local businesses that get shafted as they have little say as to the acceptance of any CVA. It is [isometimes[/i a necessary evil though.
[iIf[/i the financial situation is as bad as painted then administration could be inevitable at some stage regardless of the pledge.
This is why I'm particularly astounded about the complete secrecy around the financial truth while asking for a bail out. Btw I do understand the sentiment but that would only go so far with me when it comes to my money benefiting someone I don't trust.