Anglo Irish ousts Sean Quinn from group he founded
Thousands of employees hear assurances that their jobs are safe – but the Quinn family will no longer have a role in the business.
View ArticleQuinn breaks his silence: the statement in full
The full text of Seán Quinn’s statement on his financial downfall, and on the future of the Quinn Group.
View ArticleJim Mansfield’s executive airport, apartments and golf club swallowed by NAMA
Agency appoints statutory receiver after former billionaire fails to agree how to pay down his debts.
View ArticleCall to revoke David Drumm’s US visa
Tanaiste Eamon Gilmore to hear appeal that the government ask US authorities for help in bringing former CEO of Anglo Irish Bank back to Ireland for questioning.
View ArticleGold prices continue surge as investors dump debt
Precious metals always do well when all else seems risky – and it’s more than double its price of five years ago.
View ArticleSuperquinn chief resigns with parting shot at receivers
Andrew Street is worried about the effect on suppliers from the supermarket’s recent troubles.
View ArticleFootball’s figures don’t add up
A new report from Jose Maria Gay de Liebana, a football finance specialist based with the University of Barcelona, has outlined the scale of European football’s financial crisis.
View ArticleNAMA to hire private detectives to hunt down hidden riches
The agency has advertised looking for staff to help “verify the accuracy” of financial statements submitted by its debtors.
View ArticleSenator: Bank workers should be taught suicide awareness
Labour Senator Lorraine Higgins has said that banks have “moral and legal responsibilities to customers”, who may be under “untold pressure” to repay debts.
View ArticleStop payments now, Central Bank advises YourMoney.ie customers
The bank said it has “reasons to be concerned” about the handling of money by the debt management firm.
View ArticleColumn: The Irish default debate will be long – but we have to start it now
Economist Constantin Gurdgiev describes his work on a new book asking the question: What would happen if Ireland walked away from its debts?
View ArticleWestlife’s Shane Filan declared bankrupt in the UK
The 32-year-old singer suffered huge losses after buying property in Ireland at the height of the boom.
View ArticlePoll: Will the Personal Insolvency Bill help people struggling with debts?
Proposed legislation to reform Ireland’s bankruptcy regime were unveiled this week. Do you think they’ll help?
View ArticleBerlin (allegedly) owes trillions of euro to this small German town
Mittenwalde – population 8,758 – lend 400 guilder to Berlin in 1562, at 6 per cent interest. Now it wants it back.
View ArticleExplainer: What are the rules that govern legal moneylenders?
With Halloween now behind us, Christmas has become the focus of many. While the holiday can bring joy to many, it can be a time of huge financial pressure for others.
View ArticleInsolvency service on the way as Dáil passes legislation
The long-awaited Personal Insolvency Bill, which will allow some write-down of debts, will be signed into law next week.
View ArticleIn pictures: today’s ICTU protest marches across the country
Large numbers turned out in cities and towns across the country, with a crowd of 25,000 people confirmed in Dublin alone.
View ArticleColumn: We need an Oireachtas banking inquiry- now
We need that Oireachtas inquiry now to learn lessons from the banking crisis – so we never again experience such a crash, writes Green Party leader Eamon Ryan.
View ArticleRehn: Budget 2014 should not be eased after promissory note savings
The European Commissioner says the €1 billion savings should be used to eliminate Ireland’s deficit as soon as possible.
View ArticleLiverpool’s debts increase by ₤21.8million
The club say that turnover increased during the equivalent 12-month period due to a rise in the amount of domestic fixtures played.
View ArticleMortgage write-offs ‘could be subject to 33pc tax’
An accountants’ body says it believes any debts written off a person’s mortgage could be subject to Capital Gains Tax.
View ArticleRevenue assures that mortgage write-offs won’t be subject to tax
The Revenue Commissioners says it considers a mortgage write-down to be a commercial act and not a ‘gift’ for tax purposes.
View ArticleSean Dunne declares bankruptcy in US
The former property devleoper filed for bankruptcy at a Connecticut court on Friday, citing assets of between $1 – 10 million and debts in the region of $500 million – $1 billion.
View ArticleCharity funds remain unpaid as Event Elephant petition for examinership
Several charity organisations claims that Event Elephant owes them money as interim examiner is appointed.
View ArticleInsolvency service to take applications from 9 September
Insolvent debtors are being advised to attempt to work out an agreement with their creditors before contacting the service.
View ArticleJunior minister John Perry reaches deal with bank over €2.4 million debt
Minister for Small Business John Perry and his wife had a judgment of €2.47 million entered against them in the Commercial Court in July.
View ArticleNAMA to invest a minimum of €2 billion in Irish property market
Chairman Frank Daly said that €13 billion had been generated in revenue from rents and from disposals of assets and properties since NAMA’s establishment
View ArticleFamilies turning to moneylenders charging up to 200% interest ahead of Christmas
The majority of loans taken out this time last year were to cover debts consumers already had.
View Article‘I worked for 50 years and now I am a beggar for €120′: What the debt crisis...
The future is uncertain, but it’s the people of Greece who are feeling the effects.
View Article"It's the wrong decision" - former CEO laments council decision to lend film...
Cork Film Festival has been in financial trouble for a number of years.
View ArticleTwink told a newspaper her debt-ridden home was for sale, but barristers...
The bank claims it it is owed about €250,000.
View ArticleFilmbase to go into liquidation after 32 years
The organisation is going into voluntary liquidation due to debts that have accumulated to the point where it is ‘unrealistic’ to continue operations.
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