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SORN
by OldSkrote - 31/07/25 02:07 PM
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Forums34
Topics48,376
Posts813,550
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Most Online1,046
Aug 24th, 2023
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There are no members with birthdays on this day. |
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Joined: Sep 2011
Posts: 14,723 Likes: 151
Member of the Inner Circle
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Member of the Inner Circle
Joined: Sep 2011
Posts: 14,723 Likes: 151 |
I have had a subscription from the word go but I have recently been debating whether or not to renew it (due now) or go for the electronic version. I had pretty much decided to let both it and my MSCC subscription go this year. I really get my fix from TM and for the MSCC it is hard to see a benefit for me as I live too far away. I probably read less than 50% of both MOG and Miscellany.
So from me it is bye 👋
Peter ![[Linked Image]](http://bradley.it/public_images/drive.jpg)
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Joined: Jun 2014
Posts: 11,610 Likes: 43
Wave & smile... It's a Morgan Member of the Inner Circle
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Wave & smile... It's a Morgan Member of the Inner Circle
Joined: Jun 2014
Posts: 11,610 Likes: 43 |
I was going to write-in with my 'Morgs Prayer' but I don't think I'll bother now
I'll send it into Miss-cell-ell-ell-nanny instead
2008 XXVII Platform, Bugatti Blue Roadster 4 Seater
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Joined: Feb 2011
Posts: 14,009
Member of the Inner Circle
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Member of the Inner Circle
Joined: Feb 2011
Posts: 14,009 |
I've just picked up on this. I was aware that Matti had moved on but not the reason why. I'll be sad to see it go. Apart from a retro motorbike magazine twenty years ago run by Frank Westworth, it's the only magazine where I got to know the people involved.
Jays
Former Morgan owner. Gone but hopefully not forgotten!
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Joined: Jan 2012
Posts: 14,976 Likes: 1
Member of the Inner Circle
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Member of the Inner Circle
Joined: Jan 2012
Posts: 14,976 Likes: 1 |
Think we here instances of companies where directors fold the business to avoid debts then start identical businesses with similar names.
Also, even directors who eventually get banned from this role, using a spouse or someone to front the firm, but in reality still control the company. Shadow directors should be illegal. In Australia they carry the same responsibility as actual directors.
Richard
1976 4/4 4 Seater
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Joined: Apr 2012
Posts: 5,013 Likes: 32
Charter Member
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Charter Member
Joined: Apr 2012
Posts: 5,013 Likes: 32 |
I know it doesn't sound ethical and I don't now about this particular example at all but Company Law does help to keep businesses and directors going even through periods of insolvency unless of course Freud has taken place
If a business is failing through unforeseen bad debts, claims or withdrawal of funding or trading to the point of insolvency, yes it it terrible for creditors but quite often creditors will gain longer term if they can help to keep the business going as many creditors are regular suppliers and will be required for support
Once a company is insolvent, the company directors responsibility is with the creditors and no longer the shareholders and if a pre pack administration can be shown to help the magority creditors by keeping the business going and continue to trade then it's entirely ethical
Exactly this.... Ethics often do get a little trampled on in pre-packs, but you're quite right. It would be a breach of fiduciary duty not to consider the options and creditors could get 50p in the pound back (for example) eventually.
+8 4.8
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Joined: Mar 2010
Posts: 3,584 Likes: 85
Moderate or good, occasionally poor Talk Morgan Addict
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Moderate or good, occasionally poor Talk Morgan Addict
Joined: Mar 2010
Posts: 3,584 Likes: 85 |
Company Law does help to keep businesses and directors going even through periods of insolvency unless of course Freud has taken place Woops, fraudian slip! 
2011 Morgan 4/4
1932 Austin 7 Chummy
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Joined: Mar 2012
Posts: 4,493 Likes: 66
Part of the Furniture
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Part of the Furniture
Joined: Mar 2012
Posts: 4,493 Likes: 66 |
Having said that, you can let businesses avoid debts and still run for president apparently.
"Trump has never filed for personal bankruptcy. But he has filed four business bankruptcies, which Bankruptcy.com says makes Trump the top filer in recent decades. All of them were centered around casinos he used to own in Atlantic City. They were all Chapter 11 restructurings, which lets a company stay in business while shedding debt it owes to banks, employees and suppliers."
Source CNN money.
2021 Lapis Blue Plus 6  You know it makes sense!  2016 Carmine Red 991.2 C4S
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Joined: Apr 2014
Posts: 697
Talk Morgan Regular
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Talk Morgan Regular
Joined: Apr 2014
Posts: 697 |
Thanks, Zoitakis.
Glad that my recent renewal of the digital version wasn't money down the pan.
I really enjoy reading it on my iPad.
Rob
Bavaria 46, 20% of Hunter Impala. 100% of another Hunter Impala, black 4/4 Competition
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Joined: Jan 2011
Posts: 5,366 Likes: 15
Charter Member
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Charter Member
Joined: Jan 2011
Posts: 5,366 Likes: 15 |
Zoitakis,
Thanks for that. It's good news that the current subs. will be honoured.
Here for a good time not a long time!!
Reg
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