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In the 25th January 2012, the Minister for Justice and Equality, Alan Shatter, announced that the Government had approved publication of Heads of the Personal Insolvency Bill.
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While it might appear that the interests of the promoter/shareholder/employee are so interlinked with the affairs of a company seeking Court protection so as to render their hostile removal impossible, it is necessary to reduce their interests to manageable parcels in order to deal with them.
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Creditors meetings taking place from the 6th February 2012 to 10th February 2012
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Aer Lingus in trouble with Ryanair, Service Sector Weakens, Number of Companies being struck off may increase, Anglo gave billions in loans to Quinn, HSBC may move to Ireland, German Bank reports profits, Bank of Ireland takes from Galway Airport
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It looks like the further pain inflicted on already cash strapped Irish customers as a result of the budget at the end of 2011 has resulted in an on-going lack of confidence which is in turn having a knock on effect on 2012 corporate insolvency figures.