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Monday 6 February 2023 Dublin: 5°C

# Liquidation

All time
# moving money
Bantry to take over after Berehaven Credit Union liquidated
The news will be welcomed by locals in the Castletownbere area.
# wound up
"Vindicated" Paris Bakery staff now able to access insolvency fund
A liquidator has been appointed to the company – and workers believe their employers got off ‘scot-free’.
# End of the road
MtGox abandons its plans to rebuild and files for liquidation
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.
# hello world
Pics: Meet Leona, the last baby born in Mount Carmel Private Hospital
Leona Lambe was born to parents Martina and Thomas at the hospital last Friday.
# Money Money Money
NAMA redeems €750m in senior bonds from IBRC liquidation
It brings the total amount of these bonds redeemed to €1.75 billion.
# Liquidation
"Ironic" that last patient to leave Mount Carmel 'could be a public patient'
SIPTU said it is also concerned that staff could have to wait up to six months for pay owed.
# ICCL
Investor compensation fund able to deal with future significant company failures
In its annual report, the Investor Compensation Company Limited said 2013 was ‘challenging’ due to payouts to IBRC and CHC.
# For Sale
Today is the deadline for bidders to buy IBRC loans
IBRC is being liquidated and selling some of its loans which have a value of €3.5 billion.
# liquidator
169 jobs on the line as liquidator appointed to Limerick jewellery company
A liquidator has been appointed to Andersen Ireland after financial losses at the company.
# Feelin' Blue
Coventry City could be docked 15 points before the new season starts tomorrow
The Sky Blues are on the verge of liquidation after a creditors’ deal was rejected this morning.
# 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.”
# 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.
# 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”.
# 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.
# 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.
# 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.
# 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.
# 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.
Voices
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.
# need to know
The Evening Fix... now with added Facebook privacy
Here are the things we learned, loved and shared today.
# 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.
# 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.
# 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.
# 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.
# 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.
# 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.
# 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.
# 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.
# 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.
# Protest
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.
# 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.
# 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.
# 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.
# 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.
# 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.
# 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.
# 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.
# 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.
# Joy
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.