Bury given two-week reprieve as winding-up order adjourned

A judge has adjourned a bid.
English Football League officials expelled the club in August after directors failed to demonstrate they could pay debts.
The team had been left on the verge of liquidation after a buyer ended their attention on Monday, prompting supporters group Forever Bury to announce they would not keep their legal fight to stop the HMRC winding-up request.
Judge Mark Mullen analysed Burys situation at an Insolvency and Companies Court hearing in London on Wednesday after being advised that the club had tax debts.
Lawyers representing HM Revenue and Customs had created an attempt to wind up.
The judge said hed reconsider the situation.
Back in June, the judge had debts and had discovered that nearly # 1m was spent by Bury in taxation.
Bury won promotion on Sky Bet League One footballs third tier, at the end of this 2018-19 campaign.
Strategies to get a phoenix club have been set up, which will need to apply to the FA to get entry to non-league football next year.

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2019-11-20T18:45:18+00:00 SERVICES|