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Proposed changes to Bankruptcy Law

03 September 2010      

People declared bankrupt will have to wait only six years rather than the current 12 under new legislation proposed by Minister for Justice Dermot Ahern.

Today in the news

03 September 2010      

Latest exchequer figures show tax take falls 9% in August. ECB says euro zone growth will be stronger than expected. Ely Group refinances €18m debt. NAMA will decide if Anglo HQ is to be finished or sold off. 3G Capital to take over Burger King.

August records lowest monthly total for insolvencies since January 2009

02 September 2010      

Over 1,000 companies have gone bust so far this year as the recession continues to hit Irish firms. 1,012 companies collapsed between January and August 2010, an increase of 14% on the same period last year. However, the number of insolvencies dropped dramatically in August, falling from 125 in July to 95 in August. This was the lowest monthly total for insolvencies so far this year and the lowest since January 2009.

Anglo

01 September 2010      

€4bn, €12.3bn, €14.3bn, €22.88bn – the cost of keeping Anglo Irish Bank afloat keeps going up and up. But when does it simply become unacceptable? Should we decide to wind Anglo down, and how might that be done?

Blackrock Cabs

01 September 2010      

Creditors of Blackrock Cabs Ltd, the company formerly owned by alleged conman Breifne O’Brien, have been called to a meeting next week to discuss the possibility of a liquidator being appointed to the firm.

Design: Rain Communications  Development: a:m web

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