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Company controlling Limerick Independent up to €1m in debt

Newspaper forced from offices.

Image: Valerie Everett on Flickr

THE LIMERICK INDEPENDENT has been forced from its office on O’Connell Street, Limerick city, by a liquidator last week.

The company controlling the free newspaper is believed to owe up to €1m to creditors including AIB and Bank of Scotland Ireland.

Last week it emerged that the Limerick Independent is no longer a member of the ABC, which verifies figures on media performance and newspaper distribution.

Liquidator Brian McEnergy last week ordered the business to vacate its premises, and it is believed to be operating from a location on Shannon Street, which is angering its creditors.

One complained to the Limerick Leader that the Independent was giving “the two fingers to the law” in continuing to operate despite High Court proceedings to wind it down.

Liquidation proceedings against Limerick Independent Newspapers Ltd have been adjourned until July 2011.

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