Results for Ireland
- New Bankruptcy Law ‘Single Most Positive Thing’ For Debtors
Legislation before Cabinet on Tuesday to reduce the term of bankruptcy to one year would be “the single most positive thing” the Government has done for people in debt, according to the Irish Mortgage Holders Organisation (IMHO), the Irish Times repo ...
Daily Headline - global.abi.org - 11/30/2015 - 21:12 - 0 comments
- Killilea Fails In US Bid To Block Dunnes’s Irish Bankruptcy Official
A Connecticut court has rejected an attempt by Gayle Killilea to prevent her husband Seán Dunne’s Irish bankruptcy assignee from getting a ruling from the court to help him chase assets transferred by the bust developer to his wife, the Irish Times r ...
Daily Headline - global.abi.org - 11/29/2015 - 17:15 - 0 comments
- Nama To Sell Two Portfolios Of Property Loans Worth €6 Billion
The National Asset Management Agency (Nama) plans to sell two portfolios of property loans with a face value of €6 billion as it winds down its stock of risky commercial property debt, according to sources, the Irish Times reported. The loans will be ...
Daily Headline - global.abi.org - 11/26/2015 - 21:04 - 0 comments
- Drumm’s Bankruptcy Setback Could Weaken Him In Extradition Fight
Former Anglo Irish Bank chief executive David Drumm is in a bigger fight to stop his extradition to Ireland to face criminal charges, but he has just lost a smaller one: his bid to walk away from his debts. Eleven months after a US bankruptcy judge denie ...
Daily Headline - global.abi.org - 11/24/2015 - 22:05 - 0 comments
- O’Reilly Creditors Likely To Seek Deal After Bahamas Bankruptcy
A meeting of creditors of Sir Anthony O’Reilly to see if a formal deal can be reached on the sale of his assets and the division of the proceeds is likely to follow Friday’s decision of the court in the Bahamas to declare him bankrupt. The judge in the c ...
Daily Headline - global.abi.org - 11/23/2015 - 21:15 - 0 comments
- AIB Shareholders To Vote On Capital Re-organisation
AIB shareholders are to vote on the bank’s new capital re-organisation, which will see the value of their shareholding in the bank almost wiped out, at an egm on December 16th, the Irish Times reported. The bank announced its plans for an egm on Mond ...
Daily Headline - global.abi.org - 11/23/2015 - 21:25 - 0 comments
- AIB Raises €750 Million In Bond Issue To Help Repay State Bailout
AIB raised €750 million in a bond issue on Thursday as part of its plan to start repaying the bailout it received from the State, enjoying strong demand that bodes well for a planned stock market flotation next year, the Irish Times reported. The Gov ...
Daily Headline - global.abi.org - 11/19/2015 - 22:17 - 0 comments
- Gayle Killilea Objects To Assignee Relief Application
Gayle Killilea, the wife of property developer Seán Dunne, has objected to an application in the US courts for relief that would help her husband’s Irish bankruptcy official recover assets from the couple, the Irish Times reported. In the latest deve ...
Daily Headline - global.abi.org - 11/18/2015 - 22:43 - 0 comments
- Allied Irish Banks Plans Subordinated Bond Sale
Allied Irish Banks is on the brink of issuing its first subordinated bond since being nationalised after the financial crisis, reaching a key milestone in its recovery. The euro Tier 2 bond will be the bank's first attempt at a public subordinated o ...
Daily Headline - global.abi.org - 11/17/2015 - 21:37 - 0 comments
- After Outcry, Ireland Adjusts Its Corporate Tax Draw
In recent years, other European countries have accused Ireland of acting like an unfair low-tax haven. The European Commission, for example, is investigating whether Ireland gave Apple a preferential tax deal that broke the region’s tough state-aid rules ...
Daily Headline - global.abi.org - 11/15/2015 - 23:15 - 0 comments