Firm supplying steel for airport hangar wants directors of main company made liable for debts

A steel fabrications company which was a subcontractor to a firm building a new hangar at Shannon Airport is seeking orders from the Commercial Court making three directors of the main contractor liable for its €20.6m debts following liquidation. O’Sullivan Fabrications Ltd, with registered office in Dromcollogher, Co Limerick, an engineering and fabrications company specialising…

Venezuela’s complex and contested debt puzzle

LONDON/NEW YORK (July 13): The scale of Venezuela’s debt burden — and the mix of creditors holding it — will help determine the losses investors face in what could be one of the largest sovereign debt restructurings in history. Venezuela has not published comprehensive debt statistics in years, and 2017 sanctions largely isolated it from…

6 mistakes that can make debt relief more expensive

Avoiding these debt relief mistakes can help keep costs under control and improve your chances of a successful outcome. F.J. Jimenez/Getty Images For millions of Americans, debt has become more than just a monthly budgetary concern. With credit card interest rates still hovering above 21% on average, inflation climbing back to 4.2% and household debt…