Unpaid supplier claims HRT F1 team in liquidation 11 December, 2012 Dec.11 (GMM) Backmarker F1 team HRT is already in liquidation, according to claims by an angry, unpaid supplier. Formtech Composites, a carbon fibre manufacturer, said in a statement that the beleaguered Spanish team entered liquidation proceedings on November 12 – well before the 2012 season ended. The supplier said HRT is now only willing to pay 30 per cent of its debt. And “It has come to our knowledge that [HRT owes a substantial amount of money to other suppliers in the motor sports industry,” Formtech added. Formtech also accused HRT of giving “misleading information” about its situation. Subbed by AJN. Related NewsPirelli purchases 2011 HRT F1 carScorpion F1 team could rise from HRT ashesDe la Rosa confirms F1 dream over for HRTImpossible to keep HRT going reveals SalaQinghua in talks with Caterham and MarussiaCuquerella admits HRT’s F1 adventure definitely overHRT absent from 2013 F1 entry list released by FIAOut of work HRT mechanics in drunken brawl at factoryNo more Spanish team in F1 confirms De la RosaHRT: The best way to finish this long season Not Bernie Not paying suppliers is effectively theft. Unless you know that you can pay the bill you shouldn’t be asking for the goods.