IBRC’s special liquidators are gearing up to sell off loans owed by past and current staff of Anglo Irish Bank and Irish Nationwide with a face value of €30 million, the Irish Times reported. The sale is expected to attract interest from private equity buyers prepared to take on a mixture of loans, ranging from home mortgages taken out by Irish Nationwide staff to loans taken out by former Anglo bankers to exercise share options.

Sean Dunne’s two biggest creditors and the US court official investigating his financial affairs have objected to the insolvent property developer’s application to withdraw his US bankruptcy case, the Irish Times reported. At a hearing in a Connecticut court, a lawyer for Mr Dunne’s bankruptcy trustee Richard Coan said he would be seeking to block the developer’s request to end his bid to walk away from $942 million (€700 million) in debts through a discharge from bankruptcy in the US.

Almost 1,000 complaints were made against insolvency practitioners in the last 12 months, representing an increase of 25% on the previous year, according to figures from the Insolvency Service, Accountancy Age reported. The Insolvency Service revealed a steep rise in complaints about practitioners since it launched its Insolvency Practitioners' Complaints Gateway in June 2013 as a single point of entry for complaints about insolvency practitioners.

A judgment that may have significant ramifications for the Revenue Commissioners in future company liquidations has been handed down in the High Court by Mr Justice Dan Herbert, the Irish Times reported. The Revenue had asked the court for an order setting aside decisions of the chairperson at a creditors’ meeting of a Tullamore, Co Offaly laundry, Ladaney Limited, in voluntary liquidation, not to exclude invalid proxies of non-connected creditors.

French wind farm operator Theolia has agreed with its main creditor to restructure its convertible bonds, which it would be unable to cover in full at the next repayment date, it said on Tuesday, Reuters reported. Theolia said that investment group Boussard & Gavaudan, which holds 33.35 percent of its of Oceanes 2007 convertible bond, had agreed to extend the conversion schedule in exchange for better conversion terms. In April, Theolia had said that if bondholders were to ask for early repayment by Jan.

The majority owner of Bulgaria's troubled Corporate Commercial Bank (Corpbank) said on Monday it was working with Oman's sovereign wealth fund and other interested investors to restructure the lender, Reuters reported. Corpbank's fate has been in limbo since June, when a run on deposits prompted the central bank to seize control of it and close its operations, sparking the worst banking crisis in the poor Black Sea state since 1990s. Tsvetan Vassilev's Bromak owns just over half of Corpbank, the Balkan country's fourth-largest lender.

Bust developer Sean Dunne is seeking to withdraw his application for bankruptcy protection in the US, Independent.ie reported. The dramatic and unexpected development came as the businessman claimed he no longer had the resources to fight efforts by NAMA to stop him emerging from the process debt free. Last year Dunne filed for bankruptcy in Connecticut, where he has lived since 2010, as creditors owed a total of €695m began to circle. However, Ulster Bank later moved to make Dunne bankrupt in Ireland and an unprecedented dual bankruptcy process has been taking place ever since.

Two companies linked to the Carl Scarpa chain of 19 women’s shoe shops, which successfully exited examinership in January, retained combined profits of €515,000 in the year to the end of that month, according to their accounts, the Irish Times reported. Cs Calzature and Carl Scarpa (Grafton Street), received debt write-offs totalling more than €2.4 million arising from the examinership, according to notes in the financial statements. A further note attached to the accounts for the Grafton Street company says it was “engaged in litigation with the landlord” of the store.

European Central Bank President Mario Draghi on Friday signaled a departure from the austerity-focused mind-set that has dominated economic policy-making in the euro zone since the onset of the region's debt crisis nearly five years ago, as officials struggle with stagnant economies, weak prices and high unemployment, The Wall Street Journal reported. Speaking at the Federal Reserve Bank of Kansas City's annual conference Jackson Hole, Wyo., Mr. Draghi said European central bankers and politicians each have a role to play in boosting demand and reducing joblessness.

In the decade before Greece's debt crisis, businessman Aristides Belles rode a wave of acquisitions to turn his company, Nireus Aquaculture SA, into one of the largest fish farmers in the world—a staple of supermarket shelves across Europe, The Wall Street Journal reported. Today, Nireus—named after an ancient Greek sea god—is awash in an ocean of debt and has become a parable for the bad loans crippling Greece's corporate sector. Most of the company's big investors have fled, profits and dividends have disappeared and Nireus shares have fallen more than 70% in the past five years.