B.A. Bankruptcy advised
Re: B.A. Bankruptcy advised
After the Rolls Royce debacle in the 70's, wasn't there a law brought in to stop company's closing down & re-opening the next day under another name i.e. BA 2006 Ltd.
Any body know if the above is correct?
& if it is correct could they however open up in another EEC country. Um! in this case Eire comes to mind.
Any body know if the above is correct?
& if it is correct could they however open up in another EEC country. Um! in this case Eire comes to mind.
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Re: B.A. Bankruptcy advised
Going into bankruptcy would also most likely bring down the government's Pension Protection Fund, by unloading the BA shortfall onto it. While it might be a legal move, it would be highly unpopular with the other companies contributing to PPF, the government and the pensioners who are relying on the PPF.
