Search Results for 'Debt'

“I just wish I could manage my debts properly.” — This is one very common plea often relayed to Rory McGonnell, co-owner of Bright Day Finance.

Nowadays, more and more people are experiencing financial difficulty than ever before. People have lost their jobs, been burdened with large medical bills, or fallen victim to the downturn in the economy in terms of earning potential.

There is good news for mortgage holders from the Financial Regulator, according to Minister for Labour Affairs Dara Calleary.

If you are planning the perfect wedding, you know how important it is to get everything just right. That includes your wedding finance. This is your special day and Castlebar Credit Union can make your dreams come true.

Almost 100 jobs look to be going at the Kilkenny-based forestry firm Denber Forestry Services, which has told its creditors that it plans to go into liquidation.

It is time for the government to step in and afford Credit Unions the same priority of protection measures extended to some banks, by underpinning their survival prospects in the current economic environment, stated Councillor Michael O’Brien.

PROPERTY developers across the west have been asked to attend a seminar next week on the new National Asset Management Agency (NAMA) to hear details of how this will impact upon their current relationships with their banks.

Q. My wife and I are owners and directors of a trading company. The company has been badly hit by current economic conditions and we do not envisage our trade recovering. The company’s balance sheet position has deteriorated rapidly and assets only slightly exceed liabilities. Our main asset is the premises from which the company trades but which is owned by us personally. This is subject to a large mortgage which we are struggling to pay and we are currently in default. If we continue trading it is unlikely that we will be able to meet our liabilities. I was told that our creditors or the bank could liquidate the company. Is this true? If so what are our options and what does the liquidator do?

Sinn Féin EU East and local election candidate for Kilkenny city, Kathleen Funchion, has said that a recent revelation made by head of statistics at the Central Bank John Kelly is very worrying.

Cllr Kathleen Funchion has said that household debt for low income families had reached unprecedented levels in the aftermath of Christmas.