From Bury's end:
"Our CVA today has been adjourned until July 18th as creditors weren’t convinced by the ‘rescue package’... so another 9 days of complete lock-down on the football side as we can’t do anything whilst this is in waiting.
The new CVA date is set 14 days before the final court hearing which will seal our fate. If the CVA is rejected by creditors on the 18th, then we have two-weeks to find a new buyer or the club is liquidated in court on the 31st July.
Debts could be as high as £16M if all creditor claims are considered valid. HMRC is one of the largest creditors, who today rejected the proposed CVA.
We also only have around 4 players. The season starts around 3 weeks from now.
Only from what I’ve seen off of Twitter so this point may not be true, but apparently we need a 750k bond to the EFL to start the season?
So all in all, we are goosed. "