Receivers have taken control of the HCJV, a property company linked to the Caulfield McCarthy retail group, one of the State’s biggest SuperValu franchisees with stores and shopping centres in eight locations, the Irish Times reported. Irish Bank Resolution Corporation (IBRC) has appointed Sean McNamara of Smith & Williamson accountants to take control of seven of the properties on foot of unpaid loans totalling more than €80 million, owed by HCJV and several of its subsidiaries, which are also in receivership.

An application by property developer Sean Dunne to end his US bankruptcy case will be heard by a Connecticut judge at trial in December, the Irish Times reported. Judge Alan Shiff set the trial date for December 3rd in a court filing yesterday. He had previous given parties until today to file objections to Mr Dunne’s bid not to seek a discharge from bankruptcy in the US in favour of proceeding with a single bankruptcy case in Ireland.

Ireland has won German backing to refinance part of its bailout loans, according to Minister for Public Expenditure Brendan Howlin, the Irish Times reported. Speaking to reporters in Paris, Mr Howlin said the German parliament had set a date to ratify Ireland’s request to refinance its bailout loans from the International Monetary Fund (IMF). The Government is seeking to repay up to €18 billion of its €22.5 billion loan from the IMF early, in a move that could save the Irish exchequer up to €400 million a year.

A mortgage expert has said the Insolvency Service of Ireland has "failed" and called for an overhaul of how insolvency is managed, the Irish Examiner reported. ISI was set up in March 2013 under the Personal Insolvency Act to provide debt relief mechanisms to those facing insolvency, or the inability to service their existing debts. One of the key debt relief mechanisms was personal insolvency arrangements, as they dealt with secured debt such as mortgages.

The Irish government has begun an intensive diplomatic push to persuade the European Commission and the European Central Bank to allow it to make an early repayment of a portion of its €67bn bailout debt to the International Monetary Fund, the Financial Times reported. Dublin believes that it could save at least €375m a year in interest payments on €22bn of IMF debt by refinancing three quarters of the amount in the capital markets to take advantage of ultra-low eurozone interest rates.

Irish Finance Minister Michael Noonan said his government’s campaign to sell stakes in Irish banks to the euro-area bailout fund is less of a priority now that the holdings are worth more, Bloomberg News reported. A deal with the European Stability Mechanism “is not as attractive a deal any more because our bank shares have become very valuable,” Noonan said in an RTE Radio interview today. A gradual sale of shares in 99.8 percent state-owned Allied Irish Banks “over time to the market” is probably a better way to lower state debt, Noonan said.

The number of buy-to-let mortgage accounts in arrears is continuing to increase despite rising rents in Dublin and elsewhere, the Irish Times reported. The latest figures from the Central Bank, however, show the number of homeowners in arrears has fallen again. Nonetheless, this improvement masked an increase in very long-term arrears, with the number of those behind in their repayments by two years or more continuing to rise. The figures for the second quarter of this year indicate mortgage arrears linked to investment properties remains a key problem for the banks.

Finance Minister Michael Noonan will hold a series of talks in Brussels on Monday and Tuesday about renegotiating bailout loans from the International Monetary Fund, Independent.ie reported. Mr Noonan has said taxpayers could save up to €375m per year if the State was able to pay-off a share of the IMF portion of the €67.5bn bailout. Any deal needs support from several quarters in Brussels but would give the Finance Minister plenty of scope to cut taxes in next month's Budget.

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.