Ronan Duffy

9 results

There is a legal mechanism that can work through the worst cases - and keep people in their homes. Photograph: iStock

Repeated warnings about a “tsunami” of home repossessions - long threatened, but yet to arrive - has raised doubts about the scale of this legacy prob(...)

The High Court overruled the objections of Promontoria, owned by US private equity giant Cerberus, on Monday, approving a €75,000 write-down on the debts.

A “vulture fund” objected to a financial rescue plan for a heavily indebted Co Offaly firefighter, arguing that he could pay more off his mortgage fro(...)

Theresa Lowe and Frank McNamara are seeking to have almost €3 million of their total debts of €3.7 million written off, including the bulk of Tanager’s €2.2 million debt.  Photograph: Tom Honan

The judge was not happy. A “vulture fund” that had bought bad mortgages from banks questioned the legality around how a couple went about seeking a re(...)

Briquette producer Bord na Móna is owed €420,000 by a Kildare-based auction house that has been placed in liquidation. Photograph: Cyril Byrne / The Irish Times

A liquidated auctioneering company that owes Bord na Móna €420,000 did not have the legally required licence when it sold equipment for the State comp(...)

The personal insolvency arrangement agreed by the court means the couple can write off about €242,000 worth of debt, including €165,000 due to KBC

The High Court has rejected a bank’s proposal to “warehouse” almost half of an insolvent couple’s mortgage for repayment at a later date because a fo(...)

The ruling emerged after a legal battle between KBC Bank Ireland and a Drogheda couple who fell behind on a €285,647 mortgage on their three-bed house. Photograph: Bryan O’Brien

Insolvent homeowners will have a greater chance of being able to secure the write-off of unaffordable mortgage debts following an important High Court(...)

Austins  of Derry: Political and business leaders have said  the closure of the store, which was older than its world famous counterparts Macys or Harrods, represents a sad  end for one of the city’s retail forefathers. Photograph:  Trevor McBride

The closure of the historic Derry department store, Austins, which first opened its doors in 1830 and was older than its world famous counterparts M(...)

Austins has been suffering a decline in sales for almost 20 years due to a combination of competition from online shopping and currency fluctuations between the euro and sterling. File photograph: Google Street View

Austins of the Diamond in Derry, thought to be the oldest independently owned retail store in the world, closed its doors to the public on Tuesday wit(...)

The country’s first proposed debt settlement arrangement has been accepted by creditors at a meeting in Dublin today.Creditors voted by a majority of (...)