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Sunday 4 June 2023 Dublin: 10°C

# insolvency

Last month
May 2023
# Business
Cabinet to discuss strengthening redundancy laws
A wave of redundancies have been taking place in the tech sector since Twitter and Meta announced job losses last autumn.
# insolvency
SIAC Construction: Appeals for builder to clarify future of 100 jobs as it enters High Court
The High Court heard today that there is insufficient cash to pay roughly 100 workers at two of SIAC Construction’s companies.
This year
# insolvency
High Court approves €4.4m debt write-off for ex-Fianna Fáil councillor
Former Waterford councillor Thomas ‘Eddie’ Mulligan will will contribute a sum of just over €9,000 to his creditors and in fees.
All time
# covid-19 and business
Explainer: Why there's likely to be a lot of liquidations and corporate insolvencies in the near future
Insolvency experts are expecting to be deluged as a result of the pandemic.
# insolvency
Court approves arrangement to let Frank McNamara and Theresa Lowe write off €3m in debts
The couple owes money to Tanager DAC, Bank of Ireland, Banco de Sabadell SA, and Revenue.
# 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.
# 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.
# Mortgage distress
'They're refusing to engage': Banks reject almost half of personal insolvency proposals
The head of the insolvency service said banks are challenging proposals “on as many fronts as possible”.
# insolvency
'Deal with your debt problems': The number of people seeking insolvency is on the rise
€588 million worth of insolvency applications were made between April and June this year.
# Your Say
Poll: Do you use Bus Éireann?
The company is facing insolvency.
# factcheck
FactCheck: Is Fine Gael right to claim the credit for a fall in mortgages in arrears?
Fine Gael has been on Twitter and Facebook, promoting a set of claims about its role in the fall of mortgages in arrears. Do they check out?
# Out of Business
Here is how many Irish businesses went broke last year
The service sector was hit hardest by insolvencies.
# Not happening
It's 'not possible or appropriate' to adjourn all repossession cases
Thomas Byrne hoped the courts might halt all repossession cases in light of the government’s planned reforms.
# fuzzy logic
It's costing banks €100,000 a go to reject insolvency applications...
Are lenders cutting off their nose to spite their face?
# radical thinking
Can't pay your mortgage? Your council should do it for you...
Whatever action the government takes on Ireland’s housing debt crisis will be the ‘biggest political decision since Irish Water’ according to a householders’ group.
# beam me up scotty
The insolvency regime needs to be 'energised' because not enough people are using it
A Fianna Fáíl bill to remove the bank veto in insolvency arrangements is being opposed by the coalition this evening.
# insolvency
Thinking of going bankrupt? It's a lot cheaper than it used to be...
The cost is now less than a fifth what it was two years ago.
# Bankruptcy
Irish people in debt are still looking to the UK to fix their money problems
Only 311 insolvency applications have been approved to date in Ireland.
# Finances
Struggling with debt? You could be insolvent - but not realise it
The Insolvency Services said that it has met many people who don’t realise they are insolvent.
# Mixed Fortunes
Almost 1,000 new companies were formed in Ireland last month
New figures for August out today contain some mixed news. Start-ups were up significantly – but there was also an increase in insolvencies last month.
# Changes
Warnings that insolvency laws could contain "an extra layer of bank veto"
The Department of Justice briefed on the issue reports The Sunday Times.
# Debt Problems
Insolvency service seals threefold increase in debt arrangements
Although coming off a low base, the insolvency service is happy to see growth.
# workers rights
Paris Bakery workers end sit-in as Revenue comes to the rescue
The workers staged a sit-in at the premises for 19 days in total.
# Hospitality
66 per cent of hotels and restaurants at risk of collapse
The construction industry and retail sector are not doing too great either, according to credit-risk analysts.
# Bad Bank
Insolvency chief blasts Bank of Ireland
The state-backed lender’s refusal to engage with personal insolvency legislation is in the crosshairs.
# Election 2014
Jillian Godsil to run in European elections after scrapping of law barring bankruptees
At the end of February Jillian Godsil was declared bankrupt in Ireland.
# Debt Relief
Credit Unions withdraw from debt deal because 'it gives banks too much power'
The plan “vests control in the banks”, a statement from two Credit Union agencies said.
Column: There are fewer bankruptcies than expected so far this year. Why?
A stand-off between debtors and creditors has led to a slow down in formal insolvency arrangements, write Anthony Joyce and Karl Deeter.
Column: The pain of debt is not quick – it is a ceiling that lowers inch by crucifying inch
What is debt, and why do we all buy into this debt culture? Jillian Godsil discusses her own financial problems and the unsustainable status quo of modern Ireland.
# Prime Numbers
Madeleine McCann, jewel thefts and mortgages: The week in numbers
Plus: What percentage unemployment rate does Taoiseach Enda Kenny want to see in 2016?
# Mortgage Arrears Crisis
Banks exceeding arrears targets, but some customers have "no clarity"
The Central Bank says that there is no “tangible evidence” that some customers’ circumstances are improving.
# insolvency
Family with €600k debt granted court protection under new insolvency arrangements
The case is the first involving mortgage debt to appear before the courts under the new personal insolvency arrangements.
# Bankrupt
New bankruptcy law 'imminent' following country's first debt settlement deal
Under the new laws the period of bankruptcy will be reduced from 12 to three years.
# Debt deal
Most of borrower’s debt written off in first deal under new insolvency regime
The first debt settlement arrangement has been agreed today.
# personal insolvency
Two more insolvency cases heard under new regime as 7,500 contact ISI
According to the statistics section of the ISI’s website, there were almost 7,500 contacts made to to the ISI either by email or telephone up to the end of October.
# Economy
Fewer Irish companies failing – report
Analysts say that the falling number of insolvencies and increase in business creation is a positive sign for the economy.
# insolvency
Why won’t the ISI give a breakdown of applications processed, asks IMHO
The Irish Mortgage Holders Organisation says emergency legislation is needed to ensure PIPs are affordable.
# insolvency
These four counties have no personal insolvency practitioners
Dublin has the highest number of PIPs, followed by Cork and Galway.
# Leaders' Questions
Gilmore: Nobody is going to be barred from the insolvency process
The Tánaiste was speaking at his first Leaders’ Questions of the new Dáil term this morning.
# insolvency
PIP apologises for comments about ‘bigger houses’ for professionals
Jim Stafford issued a statement saying that he did not intend to ‘create a distinction between so called professional classes and PAYE workers’.