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Dublin: 8 °C Tuesday 31 March, 2020

#Liquidation

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

Labour MEPs call on government to release information about IBRC liquidation

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

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

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

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.

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

IBRC liquidators to meet IBOA union on Monday

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

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

British government sells off French wine to cut down on costs

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

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

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

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

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

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

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

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

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

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.

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

Union meeting with IBRC liquidator over future of 800 jobs

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

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

Column: Was the liquidation of IBRC necessary?

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.

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

The Evening Fix... now with added Facebook privacy

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

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

TDs question lack of debate on promissory notes

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

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

Draghi says ECB "took note" of IBRC liquidation

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

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

Financial services union calls on Noonan to guarantee IBRC jobs

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.

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

Central Bank reassures IBRC customers they will be repaid

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

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

The 5 at 5: Wednesday

5 stories, 5 minutes, 5 o’clock.

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

Liquidator to be appointed to Blacktie on 1 February

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.

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

Tallest building in Ireland taken over by administrators

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

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

Court to hear petition to wind up Dunnes Stores next month

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

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

Dartmouth Square among lots in latest distressed property auction

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

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

Explainer: What does liquidation, examinership and receivership mean?

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

From TheJournal.ie Guineys and Clerys staff hold protest over store closures Protest This post contains images

Guineys and Clerys staff hold protest over store closures

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

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

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

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

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

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

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

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

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

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

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

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

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.

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

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

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

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

Bloxham clients unlikely to be compensated for firm's losses

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

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

Naismith and Whittaker claim they are both free agents

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

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

Column: My rollercoaster ride to save the family business

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.

From The42 Back in the big time: Forgotten French club reclaim their spot in top division Joy This post contains videos

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

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.

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

118 new start-ups underway each day last month

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

From TheJournal.ie 'Wave of goodwill' sees two Peats electronics stores saved Re-Peats

'Wave of goodwill' sees two Peats electronics stores saved

The electronics chain, which had announced plans to go into liquidation, will instead trade under examinership in two outlets.

From TheJournal.ie Peats to seek liquidator - 11 stores closed Peats

Peats to seek liquidator - 11 stores closed

The first Peats store was opened in 1934. Tonight, employees were told that all 11 shops in the chain will close. Staff will receive full redundancy pay and entitlements.

From TheJournal.ie 78 jobs to go with loss of €30m as Cork-Swansea ferry ends service Jobs

78 jobs to go with loss of €30m as Cork-Swansea ferry ends service

Fastnet Line will now be placed in receivership or liquidation, depending on the judge’s decision, the company has said.

From TheJournal.ie Irish Post newspaper saved in Britain Saved

Irish Post newspaper saved in Britain

A buyer has stepped in to takeover the weekly newspaper, which went into liquidation last month.

From TheJournal.ie Twelve lose jobs in Irish Post closure The Irish Post

Twelve lose jobs in Irish Post closure

The newspaper which served Ireland’s emigrant community in Britain could no longer sustain falling circulation and advertising losses.

From TheJournal.ie Irish travel website close with loss of 14 jobs Liquidation

Irish travel website close with loss of 14 jobs

The Cork-based travel website had been trading since 1998 and had offices Skibbereen and Boston, USA.

From TheJournal.ie Major construction company goes into liquidation Construction

Major construction company goes into liquidation

The Cork-based company Bowen Construction has began operations in 1968 and employed approximately 70 people.

From TheJournal.ie Over 1,000 companies declared insolvent in first half of 2011 Out Of Business

Over 1,000 companies declared insolvent in first half of 2011

While the number of company startups was higher in 2011, the numbers going out of business also rose.

From TheJournal.ie 33 companies a week going bust from January to April Insolvency

33 companies a week going bust from January to April

InsolvencyJournal.ie’s statistics showed that 558 companies went insolvent in the first four months of 2011.