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The All New Sevco Back in Yer Bin Thread; Taking out the trash
Topic Started: 29 Apr 2018, 04:24 PM (2,086,578 Views)
brianlara67
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Getting on a bit
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Gothamcelt
19 Jun 2018, 04:47 PM
"The collapse of the Rangers business left thousands of unsecured creditors out of pocket including more than 6000 loyal fans who bought £7.7m worth of debenture seats at Ibrox".
Surely it's the same club so they must still have their seats?
It goes from the the club, to oldco to rangers business but still not liquidation.

Rangers oldco liquidation leaves creditors with £1.4m after 'disgraceful' £20m cost
Martin Williams @Martin1Williams
Spoiler: click to toggle
Why doesn't the unnamed creditor ask Sevco for the money they are owed. They claim to be the same club so it won't be an issue getting their money. They'll just have a little bit late in paying up for their debt.
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FenianJack
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Getting on a bit
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danbhoy09
19 Jun 2018, 08:26 PM
the iron tim
19 Jun 2018, 08:03 PM
Burnley Celt
19 Jun 2018, 04:37 PM

Quoting limited to 3 levels deep
They can only go back 4 years to look for assets and I'm sure I read he transferred them to his wife 4 years and a few months prior to the bankruptcy. carrots played it well unfortunately.
That's annoying. My wife's gran transferred her house over to my mother in law as, apparently, should the need for care ever rear it's head, they can claw back assets that had been transferred within the last 7 years.
If that’s true it’s an effing disgrace that the state will claw back the cost of care of old people for longer than they will on back taxes from an utter ball bag like him.
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ghirl86
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Brendan Rodgers, make us dream - Celtic FC.
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FenianJack
19 Jun 2018, 08:57 PM
danbhoy09
19 Jun 2018, 08:26 PM
the iron tim
19 Jun 2018, 08:03 PM

Quoting limited to 3 levels deep
That's annoying. My wife's gran transferred her house over to my mother in law as, apparently, should the need for care ever rear it's head, they can claw back assets that had been transferred within the last 7 years.
If that’s true it’s an effing disgrace that the state will claw back the cost of care of old people for longer than they will on back taxes from an utter ball bag like him.
If you die, HMRC are entitled to include alll gifts you made (above the annual exemption of £3K per year) in the 7 years prior to your death, in the inventory of your estate.

If you are alive and it is believed you transferred an asset to avoid care costs, it is the Local authority where you are receiving your care who can take legal action.
Edited by ghirl86, 19 Jun 2018, 09:24 PM.
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peejaybee
Youth team player
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ghirl86
19 Jun 2018, 09:15 PM
FenianJack
19 Jun 2018, 08:57 PM
danbhoy09
19 Jun 2018, 08:26 PM

Quoting limited to 3 levels deep
If that’s true it’s an effing disgrace that the state will claw back the cost of care of old people for longer than they will on back taxes from an utter ball bag like him.
If you die, HMRC are entitled to include alll gifts you made (above the annual exemption of £3K per year) in the 7 years prior to your death, in the inventory of your estate.

If you are alive and it is believed you transferred an asset to avoid care costs, it is the Local authority where you are receiving your care who can take legal action.
Not sure there is a time limit as well if they classify it as deliberate deprivation-in relation to transferring assets to avoid care costs.
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spartacusthethird
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Dance as if no-ones watching, sing as if no-ones listening and live every day as if it was your last
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Gully
19 Jun 2018, 08:42 PM
Who would yous say is the worst hun of all time?
The one with a pulse
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Bhoy4srus
Getting noticed in the reserves
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Dubz
19 Jun 2018, 03:13 PM
johnbhoy1958
19 Jun 2018, 02:11 PM
Nae Luck,Eh!,

” Scottish referee Bobby Madden forced to sell house as he battles bankruptcy over unpaid tax debts.The whistler, 39, faces the threat of going bust if he fails to reach an agreement after being taken to court by the taxman”

(The Sun)

At least he’s trying to settle the bill unlike Ferguson who switched everything to his wife and is now regarded as a bankrupt columnist.

No way am I believing that the baldy Hun carrot is only 39 though. :rubeyes:
Tbf the guy has had and beaten cancer. Still a hun 🥕 though
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tomtheleedstim
First-team captain
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old greennose
19 Jun 2018, 05:40 PM
leangreen
19 Jun 2018, 01:49 PM
Luca
19 Jun 2018, 12:22 PM

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Hubris
Rapid Hubris or Racing Hubris?
Raging hunbris.
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searcher52
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You can observe a lot by just watching
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danbhoy09
19 Jun 2018, 08:26 PM
the iron tim
19 Jun 2018, 08:03 PM
Burnley Celt
19 Jun 2018, 04:37 PM

Quoting limited to 3 levels deep
They can only go back 4 years to look for assets and I'm sure I read he transferred them to his wife 4 years and a few months prior to the bankruptcy. carrots played it well unfortunately.
That's annoying. My wife's gran transferred her house over to my mother in law as, apparently, should the need for care ever rear it's head, they can claw back assets that had been transferred within the last 7 years.
That is one of the most ridiculous myths going about. There is no time limit in the context of avoiding care home costs - not in Scotland.
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Hairytoes
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First-team captain
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Kingslim
19 Jun 2018, 10:24 PM
Gully
19 Jun 2018, 09:38 PM
Mo Rasmussen was underrated
Better make it 30 tinnies
I know I shouldn't but
:lol: :lol:
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Bokeh Junior
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First name on the team-sheet
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Kingslim
19 Jun 2018, 10:24 PM
Gully
19 Jun 2018, 09:38 PM
Mo Rasmussen was underrated
Better make it 30 tinnies
Sounds like hes going for 55 tinnies
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GoKartMozart
Occasional Substitute
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Bokeh Junior
19 Jun 2018, 10:40 PM
Kingslim
19 Jun 2018, 10:24 PM
Gully
19 Jun 2018, 09:38 PM
Mo Rasmussen was underrated
Better make it 30 tinnies
Sounds like hes going for 55 tinnies
Ach, he will never make the 55 tinnies.
Back to the Gullibillies.
:lolhuns:
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danbhoy09
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Club Captain
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searcher52
19 Jun 2018, 10:07 PM
danbhoy09
19 Jun 2018, 08:26 PM
the iron tim
19 Jun 2018, 08:03 PM

Quoting limited to 3 levels deep
That's annoying. My wife's gran transferred her house over to my mother in law as, apparently, should the need for care ever rear it's head, they can claw back assets that had been transferred within the last 7 years.
That is one of the most ridiculous myths going about. There is no time limit in the context of avoiding care home costs - not in Scotland.
I did say ‘apparently’. I’ve not taken anything to do with it and don’t have a clue what the law is with regards to the transfer of assets - not least of all if it with a view to avoid paying care costs.

Anyway, I was just curious about it being 4 years in the Barry (8) example and 7 (which now appears to be nonsense) for the care situ.
Edited by danbhoy09, 19 Jun 2018, 11:05 PM.
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searcher52
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You can observe a lot by just watching
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danbhoy09
19 Jun 2018, 11:04 PM
searcher52
19 Jun 2018, 10:07 PM
danbhoy09
19 Jun 2018, 08:26 PM

Quoting limited to 3 levels deep
That is one of the most ridiculous myths going about. There is no time limit in the context of avoiding care home costs - not in Scotland.
I did say ‘apparently’. I’ve not taken anything to do with it and don’t have a clue what the law is with regards to the transfer of assets - not least of all if it with a view to avoid paying care costs.

Anyway, I was just curious about it being 4 years in the Barry (8) example and 7 (which now appears to be nonsense) for the care situ.
I think the 4 years is actually 5!

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RodgersRevolution
First team training
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Flannagan to Sevco. Finally a signing that Mr William 'Women hating' Struth would be proud of (if he'd even care about Sevco).
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Burnley Celt
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Old fud, taking things easy......
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searcher52
19 Jun 2018, 11:20 PM
danbhoy09
19 Jun 2018, 11:04 PM
searcher52
19 Jun 2018, 10:07 PM

Quoting limited to 3 levels deep
I did say ‘apparently’. I’ve not taken anything to do with it and don’t have a clue what the law is with regards to the transfer of assets - not least of all if it with a view to avoid paying care costs.

Anyway, I was just curious about it being 4 years in the Barry (8) example and 7 (which now appears to be nonsense) for the care situ.
I think the 4 years is actually 5!

I think you may be right. Not sure about Scotland?

"The Insolvency Service reported recently that a bankrupt had been sentenced to six months in prison for transferring a jointly owned property in the five year period prior to the date of his bankruptcy."
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T_Bhoy
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Considering retirement
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Aberdoom Bhoy
19 Jun 2018, 07:15 PM
Gothamcelt
19 Jun 2018, 04:47 PM
"The collapse of the Rangers business left thousands of unsecured creditors out of pocket including more than 6000 loyal fans who bought £7.7m worth of debenture seats at Ibrox".
Surely it's the same club so they must still have their seats?
It goes from the the club, to oldco to rangers business but still not liquidation.

Rangers oldco liquidation leaves creditors with £1.4m after 'disgraceful' £20m cost
Martin Williams @Martin1Williams
Spoiler: click to toggle
£20m in costs.
That is outrageous and completely out of proportion to the value of "work" actually done.
The lawyers and accountants involved should have the decency to wear masks like Dick Turpin did.
Rangers fans constantly wanted them to fight everything including the big tax case. then when they spend a lot of money its a disgrace. Cant have it all ways.
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lindengreen
First team training
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searcher52
19 Jun 2018, 10:07 PM
danbhoy09
19 Jun 2018, 08:26 PM
the iron tim
19 Jun 2018, 08:03 PM

Quoting limited to 3 levels deep
That's annoying. My wife's gran transferred her house over to my mother in law as, apparently, should the need for care ever rear it's head, they can claw back assets that had been transferred within the last 7 years.
That is one of the most ridiculous myths going about. There is no time limit in the context of avoiding care home costs - not in Scotland.
The 7 year ruled I believe did apply once but was changed a few years ago as the state was losing a fortune (our parents literally) now you need good and dear tax lawyers to avoid
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Gothamcelt
Retired and now a BT Sports pundit
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Gerrard displaying his Scouse humour.

FLAN THE MAN Rangers weigh up Jon Flanagan move with Steven Gerrard willing to listen to any offers over £3.5million for James Tavernier
The former Liverpool right-back was on-loan at Bolton last season and is now a free agent after departing Anfield
By Colin Duncan

RANGERS could be set to move for Jon Flanagan.
The full-back was released by Liverpool last month after eight years at Anfield.

Gers boss Steven Gerrard is a huge admirer of his former Kop team-mate, who spent last season on loan at Bolton.
SunSport understands the 25-year-old features on a list of potential signing targets drawn up by Gerrard and Ibrox director of football Mark Allen.

Crystal Palace and Swansea are among a number of clubs who are monitoring the right-back’s situation.
Gerrard would like to keep Tavernier, but he would be willing to listen to any offers over £3.5million for the Englishman.

https://www.thescottishsun.co.uk/sport/football/2810903/rangers-jon-flanagan-steven-gerrard-james-tavernier/
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Gothamcelt
Retired and now a BT Sports pundit
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After smith was ordered to hand over papers the case has closed.
Settled out of court?

The case was due to be heard at the Court of Session in Edinburgh yesterday but didn’t go ahead. It’s not known whether Smith and the advisers settled out of court but a source confirmed the case was “not proceeding”.
https://www.dailyrecord.co.uk/news/scottish-news/ex-rangers-boss-walter-smiths-12747942
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paulfg42
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Fiat justitia ruat caelum
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£3.5m for Tavernier 😂
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