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Ann: Section 708A Cleansing Notice and Appendix 2A, page-85

  1. BigWill2018
    7,650 Posts.
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    14/09/20
    12:14
    Post #: 47319501
    The loans have been extended until the future so wouldn't be 'due'.

    If the company cannot make it to the due date then they would go under and the loans could be on sold (as it is technically an asset) but being the directors haven't paid anything back and secured against the company that is folding it is a very poor asset.

    IMO anyway.
    EN1 Price at posting: 0.6¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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