Mars Capital

32 results

Mr Justice Denis McDonald’s High Court ruling clarifies a provision of the Personal Insolvency Acts concerning court approval of a Personal Insolvency Arrangement (PIA).
High Court clarifies time frame for personal insolvency applications

A High Court ruling is good news for a large number of debtors appealing findings that their applications for court approval of personal insolvency ar(...)

John Moran, former secretary general of the Department of Finance, is involved in the talks between Arrow Global and AIB. Photograph: Alan Betson/The Irish Times
Arrow Global set to buy up distressed Irish mortgages

International debt investor Arrow Global has begun talks with Irish banks about financing investments in non-performing Irish mortgages, The Irish Tim(...)

Anna Gallagher: “I think you’re only a number with the banks. They don’t know or they don’t care what you’re going through.” Photograph: Gareth Chaney
‘The bank came out in June after my husband died in February’

Anna Gallagher’s troubles started in 2008 when her husband began encountering difficulties at work. The couple, with a home in Ashington, Dublin, soon(...)

Punters at Cheltenham, which is the subject of our Inside Business podcast.
Mars Capital ready to take off, restructuring at Mastercard and Paddy Power backs punters

Mars Capital, one of the biggest foreign buyers of Irish mortgages in the aftermath of the financial crisis, is bringing its loan portfolio in-house a(...)

According to a spokesman for Arrow Global, Mars Capital Ireland had already been servicing all customers who were not up to date for the last two years.
Mars Capital ramps up Irish debt servicing business

Mars Capital, one of the biggest foreign buyers of Irish mortgages in the aftermath of the financial crisis, is bringing its loan portfolio in-house (...)

Tracker mortgage scandal: the Central Bank has said it continues to encounter great difficulty getting full disclosure from some banks. Photograph: Yves Herman/Reuters
Tracker scandal: is your bank playing fair...or not?

The tracker mortgage scandal has engulfed most of Ireland’s mortgage lenders and, in its report this week, the Central Bank said it continued to encou(...)

US vulture fund Cerberus is stepping up enforcement action against buy-to-let and residential mortgages.
Cerberus steps up action against mortgage holders in arrears

US vulture fund Cerberus is stepping up enforcement action against buy-to-let and residential mortgages, according to both court lists and interest gr(...)

The Cannon bothers most high-profile purchase was in 2007 when they acquired development land at the Checkpoint Charlie site. Photograph: Getty
Housebuilder Cannon Kirk exits Nama as Oaktree takes stake

Dublin-based homebuilder Cannon Kirk is set to exit Nama, having secured financing from US private equity giant Oaktree to help repay its outstanding (...)

While mortgages in default, particularly early cases in arrears, have come down steadily in recent years, long-term arrears remain stubbornly high. Photograph: Getty Images
Big read: Irish banks plot loan sales as ECB turns up heat

Australian Fiona Arnold had no idea when she attended a party in Perth in February 1988 that she was about to meet her future husband, Sam, and follow(...)

Ireland’s ratio of non-performing loans remains well above the EU average of about 5 per cent.
Banks ponder shifting troubled loans off balance sheets as ECB pressure mounts

Ireland’s main banks are considering new ways to shift loans in trouble off their balance sheets as they face mounting pressure from the European Cent(...)

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