Dale bought Bury FC as a business, not a football club; more specifically, he bought it as an ailing business, an opportunity for someone with his particular field of expertise. He had no intention whatsoever of sustaining it in any way.
In an interview with the BBC this week, he said: "The club has got to sustain itself. If someone comes in to buy a club, they've got to realise that there are bills with the club. The previous owner doesn't take those with them, they're theirs [the new owner's]. So the £3.2m that's needed for the CVA needs to be met by the new owner, not me. They've got to take the responsibility of it off me."
So he arranged for the CVA with no intention of supplying any money for it. In fact, he is one of the major creditors now. This is why he has been unable to provide the required financial information to the EFL - he doesn't have the money and cannot therefore demonstrate adequacy of funds. He has to sell it to do that. So unless he can find someone deranged enough to pay an eye-watering sum of money for a poorly-supported football club with huge debts, Bury are goners.