This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
Already a member? Login here.
Ireland
Boom-time developer Seán Dunne has said it would be “beyond bizarre” for the High Court to strike out his application challenging the appointment of two officials overseeing his bankruptcy, the Irish Times reported. Lawyers for the bankruptcy officials and head of the Insolvency Services of Ireland, Michael McNaughton, have raised a preliminary objection to various motions brought by Mr Dunne (70). Lyndon MacCann SC, with Úna Nesdale, said Mr Dunne’s application was brought in a procedurally improper way and should have come by way of plenary summons.
Read more
This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
Already a member? Login here.
Insolvencies among retail businesses jumped in the third quarter as business advisory giant PwC warned of a fresh spike in both retail and hospitality insolvencies in early 2025 amid ongoing stresses in the two sectors, the Irish Times reported. The retail sector now accounts for one in four of all insolvencies so far this year, PwC’s quarterly insolvency barometer found, with 76 retail businesses becoming insolvent in the three months to the end of September on top of 43 in each of the first two quarters.
Read more
The European Commission has opened infringement procedures against Ireland for allegedly not fully transposing a directive on insolvency into law, the Irish Independent reported. Brussels sent a letter of formal notice to Ireland on September 26, accusing the country of not meeting a July 17 deadline to set out how it plans to introduce electronic communications for three aspects of insolvency.
Read more
This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
Already a member? Login here.
This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
Already a member? Login here.
This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
Already a member? Login here.
An Irish government-commissioned mortgage arrears review group has called for a removal of the current €3 million secured debt limit for individuals to secure insolvency deals, under measures aimed at tackling more than 20,000 long-term arrears cases in the State, the Irish Times reported. A debtor with secured debts in excess of €3 million is not currently eligible to make a proposal for a personal insolvency arrangement (PIA), unless all secured creditors agree to disregard the cap.
Read more
Creches face going "insolvent" if the Irish government fails to provide sufficient funding to providers, it has been warned, the Irish Examiner reported. Federation of Early Childhood Providers (FECP) chairwoman Elaine Dunne said that many more creches and playschools would depart from the core funding model if changes are not made. Currently, childcare providers who accept core funding cannot increase existing prices beyond a strict limit of €33.30 per week. They have argued they cannot continue to operate without additional funds.
Read more