Mick Wallace has been declared bankrupt in the High Court. The Wexford TD was found to be unable to pay back multi-million euro loans following an application by the US fund Cerberus. Todays decision comes on the back of an application by Promontoria Limited, a subsidiary of US fund Cerberus, in relation to a 2m…
Mick Wallace has been declared bankrupt in the High Court. The Wexford TD was found to be unable to pay back multi-million euro loans following an application by the US fund Cerberus. Todays decision comes on the back of an application by Promontoria Limited, a subsidiary of US fund Cerberus, in relation to a 2m…
Romanias Government approved in the Thursday meeting the decision to postpone by six months the entry into force of the law on personal insolvency, until August 1, next year. The law had to come into force at the beginning of 2017. The Government postponed implementing the law because it requires a complex system, namely setting…
Mick Wallace TD Picture: Tom Burke TD Mick Wallace has been adjudicated bankrupt with debts of 30m in the High Court. The Independents4Change TD ended his fight to avoid bankruptcy after a major debtor would not facilitate him in coming to a personal insolvency arrangement. The heavily indebted Wexford politician was forced into bankruptcy by…
Independent TD Mick Wallace has been adjudicated bankrupt at the High Court on foot of a 2 million judgment. Mr Wallaces total debts exceed 30 million, a court in Dublin has heard Ms Justice Caroline Costello today granted the bankruptcy petition by Promontoria (Aran) Ltd fund arising from a 2m judgment obtained after the fund…
Dec 19 Ukraine declared the country’s largest lender PrivatBank insolvent on Monday and said bringing it under state ownership was the only way to protect the money of 20 million Ukrainian clients and stave off threats to the financial system. The central bank said in a statement that PrivatBank had not fulfilled its recapitalisation programme…
Ukraine declared the country’s largest lender PrivatBank insolvent on Monday and said bringing it under state ownership was the only way to protect the money of 20 million Ukrainian clients and stave off threats to the financial system. The central bank said in a statement that PrivatBank had not fulfilled its recapitalization program and 97…
Monday, December 19, 2016 The government decided on Thursday to move back to August 1, 2017 the coming into force of Law No. 151/2015 on personal insolvency proceedings, informs a government release . “The postponement by yet another seven months of the coming into force of this law was decided as the enforcement of the…
Ukraine declared the country’s largest lender PrivatBank insolvent on Monday and said bringing it under state ownership was the only way to protect the money of 20 million Ukrainian clients and stave off threats to the financial system. The central bank said in a statement that PrivatBank had not fulfilled its recapitalization program and 97…
By Reuters Published: 18:53 +11:00, 19 December 2016 | Updated: 18:53 +11:00, 19 December 2016 e-mail KIEV, Dec 19 (Reuters) – Ukraine declared the country’s largest lender PrivatBank insolvent on Monday and said bringing it under state ownership was the only way to protect the money of 20 million Ukrainian clients and stave off threats…