Wednesday 19 June, 2013
The running of a business by a person, receiver, appointed by the creditors to recover debts.
There’s a crisis in the buy-to-let sector due to landlords falling into mortgage arrears and innocent tenants are getting caught in the chaos. Receivers have to realise people renting properties are not commodities, writes Bod Jordan.
There will also be 11 store closures in Northern Ireland, with a further 58 job losses.
Here are the things we learned, loved and shared today.
5 minutes, 5 stories, 5 o’clock…
Over 1,000 jobs are at risk as a result of the news today, two years to the day since an examiner was appointed which resulted in some 20 stores closing.
Here are the things we learned, loved and shared today…
NAMA has installed receivers from Grant Thornton accountants to run some companies controlled by businessman Harry Crosbie.
Things we learned, loved and shared today…
Bill Cullen and Jackie Lavin have said that they are “devastated” following the decision to reappoint a receiver to the Muckross Park Hotel in Killarney, Co Kerry.
The ‘Sunday Business Post’ will ask the High Court to appoint an examiner as the previous parent company enters receivership.
The receiver to HMV Ireland says each of the 16 Irish stores was loss-making and that it was not possible to find a buyer.
The well-known pub in south Dublin had receivers appointed to it yesterday.
Staff took over the @HMVtweets account – which had been dormant for weeks – to reveal significant layoffs.
HMV has gone into receivership, and its future hangs in the balance – what impact could this have on Irish bands and music distribution companies?
While Hilco said that it believed “there to be a viable underlying HMV business”, it remains unclear what impact this will have on HMV Ireland.
A spokesperson from Deloitte has confirmed that there are currently no plans to do similar in Ireland.
There are now sit-ins taking place at four HMV stores across the country as staff demand to be paid wages they say they are owed from the troubled music retailer.
Staff at two stores in Limerick are currently staging a sit-in over uncertainty about payment of their wages this month.
The staff are currently in negotiations with representatives from Deloitte Ireland, the company which was earlier named as the receiver to HMV Ireland.
Here are the things we learned, loved and shared today.
The move had been expected and puts the company’s 16 stories in Ireland and around 300 jobs in serious doubt.
Businesses have always failed – recession or otherwise – but what happens when they do, and what are the different options that are available to them.
The company operated Cullen’s last two Renault dealerships and is believed to owe him €19.5 million.
Residents of The Laurels in Dundrum had to move out in July due to fire safety concerns.
However, 55 per cent of the 11,156 companies surveyed by Vision-net last month were deemed as being at high risk of collapse.
The number of corporate insolvencies last month marked an increase of almost 40 per cent on the same period last year.
Her building crumbling and in legal limbo, Alsa Campbell writes about how tenants are finding themselves at the sharp end of landlords’ financial troubles.
The company confirmed that one of its employees has been taken to hospital with serious injuries following an incident at its Limerick facility.
The High Court refuses to appoint an examiner to the waste collection chain – a move which may put hundreds of jobs at risk.
The founder of the Superquinn chain says he is “delighted” that the Musgrave Group is to buy the troubled supermarkets.
Receivers have been appointed to Whitfield Clinic in Waterford city, however it is to continue operating under new management.
A number of properties owned by the developer Sean Dunne have had a receiver appointed by NAMA.
Andrew Street is worried about the effect on suppliers from the supermarket’s recent troubles.
The company is reported to have debts totalling €400 million.
While the number of company startups was higher in 2011, the numbers going out of business also rose.
The under-pressure developer says banks have nothing to gain by pursuing him for loans he simply can’t afford to repay.
ACC Bank has a receiver appointed properties owned by M & J Wallace Limited, the building company of Mick Wallace.
Marketing ploy by British-owned newspaper could be brought to court as “breach of the Consumer Protection Act”.
THE SUNDAY TRIBUNE will not publish an edition this Sunday. A statement from Tribune Newspapers plc, posted on the paper’s website, says that “the publication of the newspaper together with its online edition will be deferred during the sale process”.
The decision was taken a day after it was announced to staff that the paper had gone into receivership. The Tribune says that February’s salaries are being paid to all staff.
Newspaper continues publishing – but 46 Waterstone’s staff face uncertain future as two Dublin stores close.
MINISTER JAMES REILLY has started a campaign to control the costs of health insurance this week with the appointment of an independent expert to chair a forum of providers.
The Fine Gael TD has voiced his disappointment at rising premium prices in recent weeks but insurers insist they have been forced into the increases because of higher charges for public hospital beds and a government levy.
Regardless of where the expenses originate, the customer has experienced annual hikes in their payments, to the point where many have reduced their cover or cancelled it entirely. Last month, figures from the Health Insurance Authority showed the percentage of the population with cover fell to 45.3 per cent.
Today, we ask about your own experiences. Have you given up your health insurance in recent years?
Poll Results:
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Revealed: British to blame for Ireland’s drink problem |
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In pics: Michelle Obama and girls visit Wicklow park and lunch with Bono in pub |
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‘Suicidal man’ turned away from Roscommon psychiatric unit |
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Ireland gets another €1.6 billion in bailout loans from the EFSF |
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Royalty gives up bid for Irish biotech firm Elan |
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LRC recommends cuts to overtime and sick leave for Dublin Bus drivers |
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