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Dublin: 8 °C Saturday 7 December, 2019

#Bankruptcy

From TheJournal.ie Poll: Will the Personal Insolvency Bill help people struggling with debts? Your Say This post contains a poll

Poll: Will the Personal Insolvency Bill help people struggling with debts?

Proposed legislation to reform Ireland’s bankruptcy regime were unveiled this week. Do you think they’ll help?

From TheJournal.ie Shatter publishes long-awaited plans to reform insolvency law Insolvency

Shatter publishes long-awaited plans to reform insolvency law

The new regime reforms our bankruptcy laws, and aims to help the likes of struggling mortgage holders out of debt.

From TheJournal.ie David Drumm's wife reaches settlement with US court - report Bankruptcy

David Drumm's wife reaches settlement with US court - report

Former Anglo Irish Bank CEO David Drumm filed for bankruptcy in the US in 2010.

From TheJournal.ie Column: Exporting our troubles is an Irish speciality Opinion

Column: Exporting our troubles is an Irish speciality

Ireland’s solution has always been to send our problems abroad, writes Jillian Godsil – and we’re still doing it today.

From TheJournal.ie Ivan Yates to leave Newstalk Ivan Yates

Ivan Yates to leave Newstalk

Broadcaster Ivan Yates has confirmed that he is to leave his place at the helm of Newstalk’s Breakfast show to concentrate on his “financial issues”.

From TheJournal.ie Priory Hall residents question developer's ability to afford legal team Priory Hall

Priory Hall residents question developer's ability to afford legal team

The Supreme Court has dismissed Dublin City Council’s appeal to overturn the stay on Tom McFeely’s jail sentence and €1m fine.

From TheJournal.ie Column: It’s not enough to help people in debt. We must look at the big picture Opinion

Column: It’s not enough to help people in debt. We must look at the big picture

New legislation will help safeguard people struggling with debt – but they deserve to have their homes protected too, writes Noeleen Blackwell.

From TheJournal.ie IMF signs off on latest €3.2 billion loan to Ireland Bailout

IMF signs off on latest €3.2 billion loan to Ireland

The IMF signs off on the fifth review of its bailout, and is releasing €3.2 billion to Ireland – bringing its total IMF debt to €16bn.

From TheJournal.ie Fitch: 'Highly likely' that Greece will default soon Uh-Oh

Fitch: 'Highly likely' that Greece will default soon

The ratings agency has downgraded Greece just one day after EU leaders agreed on a €130 billion bailout deal for the country.

From TheJournal.ie Kodak to save millions by phasing out digital cameras Kodak

Kodak to save millions by phasing out digital cameras

The company expects to save more than $100 million through phasing out its production of digital cameras and other devices.

From TheJournal.ie Greek leaders head to Brussels empty-handed Eurozone

Greek leaders head to Brussels empty-handed

If Greece doesn’t secure a bailout loan by 15 February it may not have the money to pay a €14.5 billion bond on 20 March.

From TheJournal.ie Hogan: 'Inappropriate' of me to meet with Priory Hall residents Priory Hall

Hogan: 'Inappropriate' of me to meet with Priory Hall residents

Phil Hogan says it’s his job to bring in the appropriate housing legislation, but the enforcement of those laws is not up to him.

From TheJournal.ie Second bailout talks resume today as Greece tries to avoid bankruptcy Eurozone

Second bailout talks resume today as Greece tries to avoid bankruptcy

The leaders of the three coalition parties meet with the PM to agree on austerity measures so a €130bn bailout can be secured – and a default avoided.

From TheJournal.ie Government's new debt regime may allow mortgage debt to be written off Mortgages

Government's new debt regime may allow mortgage debt to be written off

The cabinet has approved a draft Bill allowing debts to be written off outside of court, while bankruptcy rules are also changed.

From TheJournal.ie Kodak applies for bankruptcy protection Kodak

Kodak applies for bankruptcy protection

The company is carrying out major restructuring in an effort to stay in business.

From TheJournal.ie Column: 10 reasons why Ireland should be praying for a second bailout Opinion

Column: 10 reasons why Ireland should be praying for a second bailout

Cheap money, essential reforms, and a route away from gombeenism? A second bailout would have immense benefits for Ireland, argues NAMAwinelake.

From TheJournal.ie The 5 at 5: Monday Take 5

The 5 at 5: Monday

5 minutes, 5 stories, 5 o’clock…

From TheJournal.ie Court adjourns application for Priory Hall developer's bankruptcy Bankruptcy

Court adjourns application for Priory Hall developer's bankruptcy

The High Court adjourns an application making Thomas McFeely bankrupt in Ireland, so that his UK bankruptcy can be challenged.

From TheJournal.ie Priory Hall residents criticise McFeely's reported bankruptcy Bankruptcy

Priory Hall residents criticise McFeely's reported bankruptcy

Residents complain that Thomas McFeely will be out of debt in 12 months, while they face years of financial turmoil.

From TheJournal.ie Drumm fails in bid to have bankruptcy challenge dismissed Bankruptcy

Drumm fails in bid to have bankruptcy challenge dismissed

The former Anglo chief executive wanted a challenge against his bankruptcy dropped because a form was filed 51 minutes late.

From TheJournal.ie Second Grehan brother declares bankruptcy in England, owing NAMA €308m Bankruptcy

Second Grehan brother declares bankruptcy in England, owing NAMA €308m

Danny Grehan – who owes NAMA €308m – follows his brother’s lead by declaring himself bankrupt in a court in Slough.

From TheJournal.ie High Court clears the way for Quinn bankruptcy in Republic Bankruptcy

High Court clears the way for Quinn bankruptcy in Republic

The High Court will now hear a petition next Monday on having Sean Quinn declared bankrupt in the Republic of Ireland.

From TheJournal.ie Council could offer Priory Hall residents €50,000 for apartments Property This post contains videos

Council could offer Priory Hall residents €50,000 for apartments

But residents say they will reject any such offer as it would leave them homeless and force them into bankruptcy.

From TheJournal.ie Developer who owes NAMA €312m declared bankrupt in London Bankruptcy

Developer who owes NAMA €312m declared bankrupt in London

Ray Grehan, who was ordered to repay €312m to NAMA two months ago, is declared bankrupt at a court in London.

From TheJournal.ie The single image that explains what happens if we leave the euro Eurozone

The single image that explains what happens if we leave the euro

This image from Boston Consulting Group provides a handy guide to the practical impact of leaving the common currency.

From TheJournal.ie American Airlines files for bankruptcy Bankruptcy

American Airlines files for bankruptcy

The fourth largest airline in the world lost $868 million (€650 million) during the first nine months of this year.

From TheJournal.ie Quinn: "What happened over the last two years shouldn't have happened" Sean Quinn

Quinn: "What happened over the last two years shouldn't have happened"

In an interview with a Fermanagh newspaper Sean Quinn vowed to restore his family’s reputation – and said that he has received thousands of letters of support from well-wishers.

From TheJournal.ie Court to rule on whether Anglo can still sue bankrupt Quinn Courts

Court to rule on whether Anglo can still sue bankrupt Quinn

The Commercial Court will decide tomorrow on whether IBRC, formerly known as Anglo, can still seek a judgment against Sean Quinn.

From TheJournal.ie Seán Quinn's bankruptcy challenged by IBRC Sean Quinn

Seán Quinn's bankruptcy challenged by IBRC

The IBRC – formerly Anglo – is to apply for his insolvency proceedings in Northern Ireland to be annulled, saying the courts do not have jurisdiction over Quinn.

From TheJournal.ie Daily Fix: Friday Daily Fix

Daily Fix: Friday

A round up of the day’s main news – plus any bits and pieces you may have missed.

From TheJournal.ie Drumm's $4m Cape Cod mansion sold to pay off creditors Anglo

Drumm's $4m Cape Cod mansion sold to pay off creditors

The sale of David Drumm’s waterfront mansion for €2.82m will some of the way towards repaying around €10.2m in debts.

From TheJournal.ie TD Wallace ordered to repay €19m in bank loans Courts

TD Wallace ordered to repay €19m in bank loans

ACC Bank wins a summary judgment against Mick Wallace over personal guarantees he gave for five business loans.

From TheJournal.ie David Drumm's Cape Cod house could sell for $4m Bankruptcy This post contains videos

David Drumm's Cape Cod house could sell for $4m

A US bankruptcy official wants to sell the former Anglo chief executive’s house in Cape Cod, Massachusetts.

From TheJournal.ie Saab workers launch bankruptcy action against troubled car manufacturer Saab

Saab workers launch bankruptcy action against troubled car manufacturer

The move comes just a week after the company’s bankruptcy protection bid was rejected by a Swedish district court.

From TheJournal.ie Saab applies for bankruptcy protection Saab

Saab applies for bankruptcy protection

The troubled Swedish car manufacturer has applied for protection from their creditors amid plans to draw in additional funding.

From TheJournal.ie Anglo tries to stop former chief from declaring bankruptcy in the US David Drumm

Anglo tries to stop former chief from declaring bankruptcy in the US

Meanwhile, the Minister for Finance says the government cannot raise questions about the legitimacy of Drumm’s residency in the US – as this could interfere with the work of the DPP.

From TheJournal.ie No pay cheque for Saab employees as the company runs out of money Not Paid

No pay cheque for Saab employees as the company runs out of money

The Swedish car company says it doesn’t have the cash to pay wages.

From TheJournal.ie Wallace doesn't expect ACC to force him into bankruptcy Mick Wallace

Wallace doesn't expect ACC to force him into bankruptcy

The under-pressure developer says banks have nothing to gain by pursuing him for loans he simply can’t afford to repay.

From TheJournal.ie Doctor Doom: Ireland will go bankrupt if it doesn't burn the bondholders Doctor Doom

Doctor Doom: Ireland will go bankrupt if it doesn't burn the bondholders

Respected economist Nouriel Roubini says troubled European countries face insolvency unless they can make creditors share the burden.

From TheJournal.ie David Drumm given €12k tax rebate in Ireland, according to US court documents Drumm

David Drumm given €12k tax rebate in Ireland, according to US court documents

New documents filed by former Anglo CEO for his US bankruptcy proceeding show he received €12,000 from the Revenue as a tax rebate.