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How is this possible?


Cisse

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10 hours ago, Tyler Durden said:

In Birminghams case it's possible after they had to shell out over a billion pounds to female council workers whom historically were unfairly underpaid relative to their male counterparts. 

As Birmingham council made no provision for this huge compensation claim which ultimately was their own fault then this effectively left them borassic. 

So is the implication that they are declaring bankruptcy as a way to avoid paying up on this legal liability?

 

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1 hour ago, Stive Pesley said:

So is the implication that they are declaring bankruptcy as a way to avoid paying up on this legal liability?

 

Birmingham councli were aware of this potential huge liability ten years ago when it all surfaced and made no provision in their accounts on a year by year basis since then in case they would have to pay out.

It's caught up with them now, I assume they were hoping that they would win the case but sadly we're either misinformed or just deluded. 

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