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Full coverage: Insolvency

Losses, liabilities and a £200 million group debt default threat: how Debenhams’ Irish stores hit the wall

Court documents reveal that the retailer failed to stem losses in the year prior to the Covid-19 pandemic and is now exposed to loan charges contracted by its troubled UK parent.

Thomas Hubert
13th May, 2020 - 3 min read

Last coffee on Grafton St: The long history behind Bewley’s expensive home

The iconic Dublin cafe faces closure once more, hit by Covid-19 restrictions and a rent dispute – just one of the many costs associated with its historic building on Ireland's most expensive street.

Tom Lyons
8th May, 2020 - 11 min read

CityJet uncovered: How airline was grounded by mounting debts, spiralling losses and a global pandemic

Irish airline CityJet was already suffering before the Covid-19 lockdown grounded its fleet – and the pandemic made a bad situation much worse. New documents reveal the company’s torrid trading performance and its plan for survival.

Ian Kehoe
24th Apr, 2020 - 9 min read

“Catastrophic impact”: anatomy of Usit’s lightning-fast insolvency

One month ago, directors of the historic student travel agency met to sign off on a promising set of accounts. Last week, they agreed to wind up the company. The downfall reveals the devastation being caused by Covid-19 in the travel sector.

Thomas Hubert
1st Apr, 2020 - 8 min read

Cash crunch, faltering margins and chronic oversupply: Why the restaurant industry is braced for an annus horribilis

Five Irish restaurants pulled down the shutters in the first two days of the year and experts say two a week could close this year. Yet, planning applications for new eateries continue to surge. Is it simply healthy competition, or have we reached peak restaurant?

Cait Caden
9th Jan, 2020 - 14 min read

Michael McAteer: “You have to remember when you are dealing with insolvency, it is a people business“

Michael McAteer presided over the wreckage of the financial crash, steering brands from Eircom to The Sunday Business Post back from the precipice. He started as an office boy and worked his way up to become one of Ireland’s leading accountants and insolvency practitioners.

Ian Kehoe
18th Nov, 2019 - 19 min read
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