Kettering Town’s Winding Up Petition Hearing Adjourned
July 23 2013
Kettering Town Football Club’s winding up petition with Rushden & Diamonds (2008) Limited has been adjourned until August 19. The adjourned winding-up petition hearing will take place at the High Court, Companies Court in Central London.
The club almost went out of business in June last year, but have been slowly paying off a proportion of their debt in the form of a Company Voluntary Arrangement (CVA) which was entered into between the Club and its creditors.
Kettering Town Football club issued a statement, saying:
“The winding up petition taken on by Rushden and Diamonds (2008) Limited against Kettering Town FC Management Limited has today been adjourned until August 19 to give more time for both parties to agree a settlement.”
The Club seem hopeful that, as is often the practice, the adjournment of the winding-up petition hearing will give both parties an opportunity to negotiate a settlement whereby the company can continue to trade and pay its remaining debts.
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