10-02-2010, 01:13 PM
They were deemed Insolvent, i had the google it to find out what it meant, lol
–adjective
1. not solvent; unable to satisfy creditors or discharge liabilities, either because liabilities exceed assets or because of inability to pay debts as they mature.
2. pertaining to bankrupt persons or bankruptcy.
They now have 9 days adjournment on the winding order. Pompey claim they have 2 big buyers waiting to buy the club.
–adjective
1. not solvent; unable to satisfy creditors or discharge liabilities, either because liabilities exceed assets or because of inability to pay debts as they mature.
2. pertaining to bankrupt persons or bankruptcy.
They now have 9 days adjournment on the winding order. Pompey claim they have 2 big buyers waiting to buy the club.