Leyton Orient are set to appear at the Royal Courts of Justice, High Court tomorrow over their winding-up petition served to them by HMRC on Wednesday, March 1.
It is believed the club owe around £125,000 to £250,000 in an unpaid tax bill.
Since then the Leyton Orient Fans Trust (LOFT) after conducting their own investigations believe the club has significant debt elsewhere.
The E10 club for their past two home games have released a 16-page programme as Alchemy Creations were added to their list of people who are yet to be paid.
HMRC have made an application to the high court (petition) to ask the court to wind the company up.
At the High Court tomorrow the outcomes are as follows:
- The petition can be dismissed if the debt is paid in full. Even if the debt has been settled the hearing will still go ahead.
- Owner Francesco Becchetti or his representatives can ask for an adjournment as long as there is evidence to suggest the debt can and will be paid.
- However, if the money cannot be paid, but the business is viable, Orient can apply for administration. Before the judge can grant this, the court will need to consider all the needs of the creditors and the petitioner before allowing this order.
- And the lastly, the Judge will hear and can issue a winding-up order if the company does not pay or if there is no suggestion they will be able to pay in the future.
- Once this has occurred, the Official Review will start the process of liquidating the company.
As mentioned, LOFT will be attending the hearing tomorrow in the case that Becchetti and or his representatives to not turn up.
At their latest open meeting for all O's fans, they stated they will be there on behalf of other creditors and will hope to seek for an adjournment, however, they are prepared for every eventuality.
The Regeneration Fund has now reached more than £100,000 and the O's faithful are coming together this evening and tomorrow morning to conduct a 'mass tweet.'
Their aim is to tweet as many players and coaches they can in the professional game to retweet about the fighting fund.
The club and the creditors will attend the Rolls Building tomorrow and will not be heard before 11am.
Fans are expected to assemble outside the courthouse.
Yesterday, Orient fell to a 4-1 defeat to league toppers Doncaster Rovers and boss Danny Webb admitted it was natural for the petition to be weighing on their minds.
To donate to the fund visit https://www.gofundme.com/saveorient