Over the past 48 hours, creditors of a company called Copper Beech Racing received an invitation. Unfortunately, it was not the sort of invitation anyone wants to accept. Instead, it was an invite to a meeting of the firm’s creditors, called to wind up the business and appoint a liquidator. Creditors, including suppliers and the Irish tax authority, will lose money. So too will the company’s owner. The company is insolvent and unable to pay its debts, creditors were told, adding that the company was nominating John Healy, a partner with the specialty insolvency firm Kirby Healy, to serve as…

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