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Wednesday 31 May 2023 Dublin: 15°C

# Debt

This year
Fine Gael calls for AIB to appear before committee over writedown of DJ Carey debt
It has been reprted that the former hurler and businessman had a debt of over €9.5 million written down to €60,000.
# Personal Loans
People are taking on more debt for weddings, cars, and holidays as drawdowns up by 14%
Home improvement loans surpassed car loans in value for the first time in 2022.
Last year
# Housing Crisis
Councils that can deliver rapid-build houses on sites will have land debt paid off
Local authorities are currently carrying around €309 million of land legacy debt.
# Job Losses
Twitter layoffs before US midterms fuel misinformation concerns as Musk defends sackings
Twitter fired half of its 7,500-strong staff yesterday.
# Debt
Manchester United debt rises to more than £514m as record wage bill is revealed
The Premier League club’s net debt also rose, from £419.5m in 2021 to £514.9m this year.
# Funding
RTÉ 2021 revenue increased €13 million, marking surplus for second year in a row
The state broadcaster pulled in a surplus of €2.4 million.
All time
US agrees to extend debt ceiling to avoid catastrophic credit default
Chuck Schumer announced the breakthrough today after hours of negotiations in Congress.
# looking ahead
Ed Woodward optimistic about future as Man United debt rises to £455.5million
The Red Devils finished third last season to seal a Champions League return which boosted broadcasting revenue.
# Debt
'Debt piled up. I was a 50-year-old single parent bringing up a teenage girl'
Harry Pearson on writing ‘The Farther Corner’.
Opinion: When it comes to paying for Covid-19, are we still 'in this together'?
Economist Dr Brian O’Boyle says we need to learn the lessons from the last global recession and make sure the economic burden of Covid-19 is shared equally.
# Gabriel Makhlouf
Covid-19 poses 'unprecedented' test of Irish economy, warns Central Bank Governor
The Central Bank has warned that the longer the pandemic lasts, the greater the risk to the Irish economy.
# Coronavirus
IMF cancels debt payments of 25 'vulnerable' countries amid Covid-19 pandemic
The debt payments of the countries, which are primarily in Africa, will be cancelled for at least six months.
# personal insolvency
High Court approves debt write down of millions of euro for two Tipperary women
They will continue to make payments on the mortgages on their respective homes and they will each make lump sum payments of €100.
# Update
FAI 'unable to accept' Oireachtas invitation
The association say they want to prioritise ‘the refinancing package that will guarantee the future of the FAI and safeguard jobs’.
# Sold
Ulster Bank sells portfolio of 3,175 mortgages to Pepper
There are 2,800 home loans and 375 buy-to-let loans included in the portfolio.
# insolvency
High Court writes off over €6 million in debt owed by retired garda and his wife
A lump sum of over €40,000 from family members will go towards the funding of the arrangements.
# roman ruins
Italy plunged into crisis as Prime Minister resigns after collapse of coalition with far-right
Giuseppe Conte’s resignation came under pressure from Matteo Salvini’s anti-immigrant League party, which has been soaring in opinion polls.
# Money Money Money
'The chances of a recession in Ireland are 100%', says NTMA
Ireland has paid €60 billion interest on its national debt over the last 10 years.
# dragging their heels
'History will judge this': Experts see little change in bank culture after scandals and protests
People who are working every day with customers in arrears say lenders are still refusing to cooperate in any significant way.
# fair mortgage bill
'It's your job to call the vulture funds out': High Court Master pens letter to Micheál Martin
Edmund Honohan urged the Fianna Fáil leader to support a piece of legislation he wrote that is currently before the Dáil.
# Debt
Government says it's owed €475 million in social welfare overpayments
Minister Regina Doherty said a number of measures are taken to try to recover the monies owed.
# debt collectors
Irish Cancer Society calls on HSE to stop referring patients' debt to collection agencies
The Irish Cancer Society is today publishing advice for patients on how best to deal with the charges.
# Debt
'95% stay in their own homes': Number of insolvency cases has risen by 60%
The Insolvency Service of Ireland has welcomed the rise in people seeking help.
# final notice
HSE spent €600,000 last year on debt collectors to chase patients for unpaid bills
The Irish Cancer Society recently called for the government to abolish inpatient charges for cancer patients in the forthcoming Budget.
# bills
'I didn't need that additional fear': Hospital debt collectors 'causing stress' to cancer patients
The Irish Cancer Society has called for the abolition of inpatient fees in the next Budget.
# Examiner
Examiner appointed to Bradley's Pharmacy Group
The firm is around €24 million in debt.
# Back To School
Parents report going hungry over cost of sending their children to school
Average back-to-school costs have risen at all levels since last year.
# Debt
Parents turning to moneylenders to cope with back-to-school costs
More than one-third of parents in Ireland say they are debt due to these costs.
# we made it
Eight years and three bailouts later, Greece's debt crisis is finally over
Greece’s economy has stabilised after being in turmoil for many years.
# Debt
Storm Emma caused higher levels of mortgage arrears as customers missed in-branch payments
The number of accounts in arrears over 720 days has fallen but these cases still account for 41% of all accounts in arrears.
# warning
Irish economy is growing substantially but Brexit 'poses major threat'
High levels of household and public debt are also concerning, the Central Bank has said.
# Lily Allen
Lily Allen admitted that she's currently in over €1.1 million worth of debt
The singer says her perceived wealth is used to delegitimise her anger about Grenfell.
# Manchester
Police officer who strangled wife texted her to make it look like he didn't know she was dead
Darren McKie killed his wife after she found out he had applied for loans in her name.
# gone bust
Minister 'confident' school building projects not in jeopardy after construction firm collapse
The Department of Education said school buildings in question are approximately 90% complete.
# Repayment
Ireland gets approval for early repayment of €5.5 billion in bailout loans
Minister for Finance Paschal Donohoe has this will save Ireland €150 million over the remaining life of the loans.
# Your Say
Poll: Should Ireland have a separate court to deal with mortgage arrears cases?
Ten percent of home mortgage accounts in this country are in arrears.
# Debt
'I'm not going anywhere': Lay litigants in uphill battle against banks and vulture funds
There are calls for the Legal Aid Board to relax its merits test so more families in debt can access professional representation.
# Your Say
Poll: Do you expect to have a mortgage paid off before you retire?
A new poll suggests that nearly half of Irish people expect to still be paying off a property loan when they reach retirement age.
# London
Teens found guilty of stabbing man to death in broad daylight over 'relatively small' debt
Omar Raza was robbed and stabbed.
# there you go now
Ireland to repay €5.5 billion of bailout loans early to IMF, Denmark & Sweden
Finance Minister Paschal Donohoe says IMF chief Christine Lagarde has approved the deal.