Sign up to The Irish Times Archive (1859 - 2008)My Account »
Mon 01 Jan 2009Examinership may not lead to loans being automatically written down
BANKS WILL not automatically have to write down the value of secured loans in cases where their clients have gone into examinership, according to a leading insolvency lawyer.
Examinership is a corporate rescue mechanism in Irish law that gives insolvent companies protection from their creditors for up to 100 days while they work out a means of saving the business.
Choose a Subscription type - required
