Director Sergejus Fedotovas tells Hearts' AGM that all club shares will be worthless, should the Tynecastle outfit enter administration.
Heart of Midlothian
Edgaras Jankauskas leaves his role as Hearts assistant with director Julija Goncaruk having departed the club's board.
Hearts confirm that Mehdi Taouil will leave the club this summer following a two-year spell at Tynecastle.
Hearts avoid immediate relegation as the SPL decides it could not say their parent company had breached its rules.
Fixtures, Results & Competitions
Angelo Massone is preparing a second offer for Hearts as the SPL board gathers to discuss the financial plight of the club.
Manager Gary Locke salutes Hearts' performance as well as the support shown by visiting fans in the draw against Aberdeen.
Hearts keeper Jamie MacDonald puts on an impressive display as a lively Aberdeen are forced to settle for a draw at Pittodrie.
The financial crisis engulfing Hearts will be on the agenda when the Scottish Premier League board meets on Monday.
Hearts' parent company UBIG has asked to be declared insolvent, a move that may impact the club's league status.
Experienced Hearts defender Andy Webster is in discussions about extending his stay at Tynecastle.
Hearts right-back Fraser Mullen says he is not being offered a new contract by the Edinburgh club.
The appeal against the bankruptcy order placed on Ukio Bankas, which is Hearts' main creditor, is expected to be heard in two weeks' time.
Manager Gary Locke is hugely disappointed as Hearts slump to a 2-1 home defeat against local rivals Hibernian.
Ross Caldwell curls in a 90th-minute strike to give Hibernian their first Edinburgh derby win at Tynecastle in four years.
Dundee manager John Brown is confident of agreement as top-flight clubs consider play-offs and SPL2.
Midfielder Denis Prychynenko is to be released by Hearts, but Dylan McGowan and Callum Tapping are retained.
Hearts manager Gary Locke hopes an impressive 3-0 win over St Mirren will be the springboard to Edinburgh derby success.
Hearts turn in a vibrant display to sink 10-man St Mirren, who remain troubled by the prospect of relegation.
Hearts' accounts show a loss of £1.65m and debts of almost £25m for the 11-month period to June 2012.