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#Liquidation

"Vindicated" Paris Bakery staff now able to access insolvency fund
# Wound Up
From TheJournal.ie
# Wound Up

"Vindicated" Paris Bakery staff now able to access insolvency fund

Jun 30th 2014, 12:15 PM 8,721 Views 15 Comments

A liquidator has been appointed to the company – and workers believe their employers got off ‘scot-free’.

MtGox abandons its plans to rebuild and files for liquidation
# End Of The Road
From TheJournal.ie
# End Of The Road

MtGox abandons its plans to rebuild and files for liquidation

Apr 16th 2014, 10:07 AM 6,292 Views 3 Comments

If the Tokyo court approves of MtGox’s request, a trustee will be appointed, who will take over management of the company’s assets from its CEO, Mark Karpelés.

Pics: Meet Leona, the last baby born in Mount Carmel Private Hospital
# Hello World
From TheJournal.ie
# Hello World

Pics: Meet Leona, the last baby born in Mount Carmel Private Hospital

Feb 3rd 2014, 4:48 PM 14,903 Views 15 Comments

Leona Lambe was born to parents Martina and Thomas at the hospital last Friday.

NAMA redeems €750m in senior bonds from IBRC liquidation
# Money Money Money
From TheJournal.ie
# Money Money Money

NAMA redeems €750m in senior bonds from IBRC liquidation

Feb 3rd 2014, 11:50 AM 6,579 Views 4 Comments

It brings the total amount of these bonds redeemed to €1.75 billion.

"Ironic" that last patient to leave Mount Carmel 'could be a public patient'
# Liquidation
From TheJournal.ie
# Liquidation

"Ironic" that last patient to leave Mount Carmel 'could be a public patient'

Jan 29th 2014, 12:21 AM 13,691 Views 6 Comments

SIPTU said it is also concerned that staff could have to wait up to six months for pay owed.

Investor compensation fund able to deal with future significant company failures
# ICCL
From TheJournal.ie
# ICCL

Investor compensation fund able to deal with future significant company failures

Dec 4th 2013, 6:30 AM 3,144 Views 0 Comments

In its annual report, the Investor Compensation Company Limited said 2013 was ‘challenging’ due to payouts to IBRC and CHC.

Today is the deadline for bidders to buy IBRC loans
# For Sale
From TheJournal.ie
# For Sale

Today is the deadline for bidders to buy IBRC loans

Oct 11th 2013, 8:41 AM 3,532 Views 12 Comments

IBRC is being liquidated and selling some of its loans which have a value of €3.5 billion.

169 jobs on the line as liquidator appointed to Limerick jewellery company
# Liquidator
From TheJournal.ie
# Liquidator

169 jobs on the line as liquidator appointed to Limerick jewellery company

Sep 18th 2013, 10:11 PM 7,948 Views 9 Comments

A liquidator has been appointed to Andersen Ireland after financial losses at the company.

Coventry City could be docked 15 points before the new season starts tomorrow
# Feelin' Blue
From The42
# Feelin' Blue

Coventry City could be docked 15 points before the new season starts tomorrow

Aug 2nd 2013, 3:48 PM 1,120 Views 2 Comments

The Sky Blues are on the verge of liquidation after a creditors’ deal was rejected this morning.

Labour MEPs call on government to release information about IBRC liquidation
# Freedom Of Information
From TheJournal.ie
# Freedom Of Information

Labour MEPs call on government to release information about IBRC liquidation

Apr 22nd 2013, 5:05 PM 6,044 Views 44 Comments

MEP Phil Prendergast said that “a blanket refusal policy would serve only to heighten distrust in government and in the ECB.”

Union now tells IBRC staff to cooperate with NAMA over new roles
# Ibrc
From TheJournal.ie
# Ibrc

Union now tells IBRC staff to cooperate with NAMA over new roles

Apr 20th 2013, 7:00 AM 5,603 Views 9 Comments

The Irish Bank Officials Association is now telling its members at IBRC to cooperate with NAMA if they are interested in roles there having previously said it was “imperative” that they did not cooperate.

IBRC liquidators to meet IBOA union on Monday
# Ibrc
From TheJournal.ie
# Ibrc

IBRC liquidators to meet IBOA union on Monday

Mar 9th 2013, 8:45 AM 4,366 Views 13 Comments

The staff want a 2011 redundancy package to be honoured, and have threatened industrial action if they don’t receive “just severance”.

British government sells off French wine to cut down on costs
# Liquidation
From TheJournal.ie
# Liquidation

British government sells off French wine to cut down on costs

Mar 4th 2013, 10:40 AM 5,034 Views 5 Comments

Some of the British government’s wine is being sold off as part of a bid to make its hospitality service self-funding.

€300k owed to Jack & Jill Foundation after fundraising company liquidated
# Charity
From TheJournal.ie
# Charity

€300k owed to Jack & Jill Foundation after fundraising company liquidated

Feb 17th 2013, 1:38 PM 43,695 Views 16 Comments

Folamh Ireland is being liquidated, leaving the charity owed “a substantial amount of money” in unpaid mobile phone donations.

IBRC senior executives will not get termination pay-off: Noonan
# Ibrc
From TheJournal.ie
# Ibrc

IBRC senior executives will not get termination pay-off: Noonan

Feb 15th 2013, 7:15 PM 9,731 Views 49 Comments

Michael Noonan has said Mike Aynsley and other senior IBRC figures are entitled only to their statutory minimums.

Noonan: IBRC liquidation is 'crude' but staff in better position than most
# IBRC Liquidation
From TheJournal.ie
# IBRC Liquidation

Noonan: IBRC liquidation is 'crude' but staff in better position than most

Feb 12th 2013, 9:56 AM 7,255 Views 50 Comments

The Finance Minister said that “insofar as we can” the interests of staff at the bank would be looked out as some 800 employees face uncertainty following the liquidation of the bank last week.

Union meeting with IBRC liquidator over future of 800 jobs
# Promissory Notes
From TheJournal.ie
# Promissory Notes

Union meeting with IBRC liquidator over future of 800 jobs

Feb 11th 2013, 1:35 PM 4,791 Views 17 Comments

The contracts of some 800 workers in Ireland were essentially terminated when the government decided to liquidate the bank last week.

Column: Was the liquidation of IBRC necessary?
# Opinion
From TheJournal.ie
# Opinion

Column: Was the liquidation of IBRC necessary?

Feb 8th 2013, 7:00 PM 31 Views 42 Comments

Let’s hope IBRC’s liquidation can ultimately be justified – because this type of rush-job smacks of the panicked decisions made in 2008, writes Sarah McCabe.

The Evening Fix... now with added Facebook privacy
# Need To Know
From TheJournal.ie
# Need To Know

The Evening Fix... now with added Facebook privacy

Feb 7th 2013, 7:56 PM 9,763 Views 4 Comments

Here are the things we learned, loved and shared today.

TDs question lack of debate on promissory notes
# Promissory Notes
From TheJournal.ie
# Promissory Notes

TDs question lack of debate on promissory notes

Feb 7th 2013, 2:16 PM 4,283 Views 51 Comments

Deputies Micheál Martin and Peadar Tóibín both criticised the lack of facility for debate on the issue in the Dáil today.

Draghi says ECB "took note" of IBRC liquidation
# Promissory Notes
From TheJournal.ie
# Promissory Notes

Draghi says ECB "took note" of IBRC liquidation

Feb 7th 2013, 2:14 PM 5,983 Views 22 Comments

The European Central Bank President said that no decision has been taken on the IBRC promissory note.

Financial services union calls on Noonan to guarantee IBRC jobs
# Promissory Notes
From TheJournal.ie
# Promissory Notes

Financial services union calls on Noonan to guarantee IBRC jobs

Feb 7th 2013, 10:19 AM 3,480 Views 27 Comments

Last night the Finance minister said he understood most staff would be rehired by the liquidators or by NAMA when it takes on the bank’s assets.

Central Bank reassures IBRC customers they will be repaid
# Promissory Notes
From TheJournal.ie
# Promissory Notes

Central Bank reassures IBRC customers they will be repaid

Feb 7th 2013, 9:26 AM 6,311 Views 22 Comments

The banks said all eligible deposits under its guarantee scheme will be covered up to a limit of €100,000 per person.

Liquidator to be appointed to Blacktie on 1 February
# Blacktie
From TheJournal.ie
# Blacktie

Liquidator to be appointed to Blacktie on 1 February

Jan 23rd 2013, 2:38 PM 20,598 Views 58 Comments

Niall O’Farrell, the owner, said that he hadn’t taken a salary from the operation in four years and that he deeply regretted having to make the decision.

Tallest building in Ireland taken over by administrators
# Insolvency
From TheJournal.ie
# Insolvency

Tallest building in Ireland taken over by administrators

Dec 1st 2012, 4:16 PM 19,491 Views 23 Comments

The three companies which control the building applied for insolvency and administrators from KPMG have now been appointed.

Court to hear petition to wind up Dunnes Stores next month
# Winding Up
From TheJournal.ie
# Winding Up

Court to hear petition to wind up Dunnes Stores next month

Nov 26th 2012, 3:33 PM 31,056 Views 107 Comments

Up to 18,000 jobs are potentially in jeopardy as a result of the action.

Dartmouth Square among lots in latest distressed property auction
# Ranelagh
From TheJournal.ie
# Ranelagh

Dartmouth Square among lots in latest distressed property auction

Nov 8th 2012, 1:40 PM 17,533 Views 32 Comments

The land formerly owned by maverick businessman Noel O’Gara will be among the lots at an auction next month.

Explainer: What does liquidation, examinership and receivership mean?
# Explainer
From TheJournal.ie
# Explainer

Explainer: What does liquidation, examinership and receivership mean?

Oct 21st 2012, 9:15 AM 40,752 Views 7 Comments

Businesses have always failed – recession or otherwise – but what happens when they do, and what are the different options that are available to them.

Guineys and Clerys staff hold protest over store closures
# Protest
From TheJournal.ie
# Protest

Guineys and Clerys staff hold protest over store closures

Oct 2nd 2012, 2:15 PM 7,781 Views 10 Comments

They staff said they “feel utterly betrayed” after Guineys and a number of Clerys stores went into liquidation.

It had everything from 'a needle to an anchor': Shoppers remember Guiney and Co
# Vox Pop
From TheJournal.ie
# Vox Pop

It had everything from 'a needle to an anchor': Shoppers remember Guiney and Co

Sep 18th 2012, 9:00 PM 13,344 Views 31 Comments

There was nostalgia aplenty at 79-80 Talbot Street in Dublin’s city centre today as people reminisced about the shop that had everything.

Target Express workers end sit-in after meeting liquidator, department
# Target Express
From TheJournal.ie
# Target Express

Target Express workers end sit-in after meeting liquidator, department

Aug 30th 2012, 8:50 PM 3,901 Views 7 Comments

Junior minister Seán Sherlock has pledged funds from the state insolvency fund to support the workers’ redundancy payments.

Liam Lawrence finally off the Portsmouth paybill as he heads to Greece
# Going Pro
From The42
# Going Pro

Liam Lawrence finally off the Portsmouth paybill as he heads to Greece

Aug 14th 2012, 4:39 PM 1,688 Views 0 Comments

The transfer of Simon Cox to Nottingham Forest was also confirmed today.

High Court approves €1.2m interim payout to Home Payments customers
# Home Payments
From TheJournal.ie
# Home Payments

High Court approves €1.2m interim payout to Home Payments customers

Aug 10th 2012, 5:56 PM 3,190 Views 5 Comments

The company had approximately €2.1 million in its accounts when it went into liquidation last year, and owed in the region of €6.7 million to customers.

Five companies went bust each day of July, says Vision-net
# Companies
From TheJournal.ie
# Companies

Five companies went bust each day of July, says Vision-net

Jul 31st 2012, 2:47 PM 2,618 Views 9 Comments

Half of those stress-tested by the credit and risk analyst also showed signs of being on the brink of failure.

Bloxham clients unlikely to be compensated for firm's losses
# Bloxham
From TheJournal.ie
# Bloxham

Bloxham clients unlikely to be compensated for firm's losses

Jun 25th 2012, 4:10 PM 4,074 Views 4 Comments

The Central Bank and the company’s administrator say that while clients can seek compensation, they probably won’t get it.

Naismith and Whittaker claim they are both free agents
# Newco
From The42
# Newco

Naismith and Whittaker claim they are both free agents

Jun 24th 2012, 2:30 PM 573 Views 4 Comments

The saga goes on and on for fans of what used to be Rangers Football Club.

Column: My rollercoaster ride to save the family business
# Read Me
From TheJournal.ie
# Read Me

Column: My rollercoaster ride to save the family business

May 26th 2012, 12:00 PM 5,172 Views 8 Comments

Six weeks ago, Ben Peat thought his 70-year-old family electronics business was going under – but public support helped save his company from becoming another footnote in the story of the recession.

Back in the big time: Forgotten French club reclaim their spot in top division
# Joy
From The42
# Joy

Back in the big time: Forgotten French club reclaim their spot in top division

May 11th 2012, 1:12 PM 838 Views 1 Comment

Stade de Reims played Real Madrid in the very first European Cup Final but took a downward slide that ended in liquidation in 1992 … now they are back in Ligue 1.

118 new start-ups underway each day last month
# Businesses
From TheJournal.ie
# Businesses

118 new start-ups underway each day last month

May 1st 2012, 10:57 AM 1,570 Views 9 Comments

However, 55 per cent of the 11,156 companies surveyed by Vision-net last month were deemed as being at high risk of collapse.