Search Results for 'Private law'

Q. I read your answer on liquidation and insolvency last week with interest. However, I have a different set of circumstances. I have a trading company with the trading premises held within the company and financed by a large bank loan. The lending bank has a fixed charge over the property and a floating charge over the other assets. I am not going to be able to keep the repayments going on the loan much longer. I have only been able to do so by increasing the period during which I can pay my creditors and I can’t do this much longer as the creditors have me under huge pressure. I have been told that the bank might appoint a receiver but your answer last week did not refer to this. What is a receiver and how is a receiver different from a liquidator?

There was devastating news for employees of Athlone’s Sasha store this week as it was announced that it is to cease trading in Golden Island Shopping Centre.

A Mayo-born director of a building company which went into voluntary liquidation has been held personally liable for €1.6 million of its debts, the High Court has ruled, as reported in this week’s The Irish Times.

Lease & Live, a new company in Galway, is determined to spark life back into the property sector with a fantastic new initiative. This scheme offers prospective home owners the chance to rent their dream home for up to three years with the opportunity to purchase the property at the end of the lease with all finances paid to be deducted as down payment.

Lease & Live, a new company in Galway, is determined to spark life back into the property sector with a fantastic new initiative. High deposits and restrictive agreements have caused the steps of the property ladder to wobble, especially for first time buyers, but Lease & Live is determined to strengthen the opportunities for homeowners. This scheme offers prospective home owners the chance to rent their dream home for up to three years with the opportunity to purchase the property at the end of the lease, with all finances paid to be deducted as down payment.

County Mayo, just like all counties, has its fair share of newly constructed houses unsold. The builders who built them are under financial pressure. Despite this there are many young people who would like to buy a new home but cannot for various reasons: Non availability of finance, fear of job loss, no deposit saved, waiting to see if prices will fall further.

Q.I own a small manufacturing company which is in trading difficulties. My creditors are mounting as my cashflow comes under pressure. The company premises which cost €750,000 were financed through a bank loan and meeting the payments on this has proved increasingly difficult. I have been reading in the papers about examinership and it appears that the examinership process might be a way of protecting the company against my creditors and preserving the trade and the related jobs. Is this possible?