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Full coverage: Insolvency

The cost-benefit of warehoused tax debt: Rewinding the week that was

Thousands of business owners breathed a sigh of relief when the Government eased the repayment terms for €1.72bn in tax liabilities parked since the pandemic but the “cheapest finance” scheme has multiple costs, too.

Thomas Hubert
11th Feb, 2024 - 5 min read

Interim examiner appointed to six well-known pubs in Dublin and Galway

The six pubs in Dublin and Galway including popular venues like Against the Grain, the Black Sheep and the Salt House. The group has a reasonable prospect of survival if it can be restructured.

Tom Lyons
1st Feb, 2024 - 2 min read

Endo International: Irish lawsuits and an $8 billion restructuring

Irish headquartered Endo is seeking approval for a twin track US-Irish insolvency package. Globally, the group has been subject to thousands of lawsuits over opioid and mesh products, including proceedings in Ireland.

Francesca Comyn
29th Jan, 2024 - 4 min read

Scarp advisor to Bio-Marine seeks to lift Cantor loan note charge on firm’s assets

Bio-Marine Ingredients has been hit by rising energy and others costs. Facing a €42m deficit, its process advisor wants to lift certain charges on its assets in order to bring in a new investor.

Tom Lyons
15th Dec, 2023 - 2 min read

Saving the Dublin pub without a tenancy agreement, or a liquor licence

An interim examiners' report into a pub owned by businessman Colm Wu found "serious issues" with the business including issues around corporate governance, but it sees the firm as having a reasonable prospect of survival.

Rosanna Cooney
14th Dec, 2023 - 4 min read

Well-known Dublin ice-cream chain Scrumdiddly’s needs rescuing

Once backed by savvy investors, Scrumdiddly’s has entered the Scarp insolvency process after a rainy summer added to mounting debt pressure.

Thomas Hubert
11th Dec, 2023 - 1 min read

“A Phoenix entity”: Tax authority takes aim at Wexford logistics company

According to Revenue, persons in control of Phoenix-type businesses may take steps to conceal these criteria. Now the tax authority claims that this is the case in relation to a Wexford logistics business.

Tom Lyons
7th Dec, 2023 - 2 min read

Covid closures and Revenue debts of over €1.2m push Dublin pubs to the brink

Interim examiners were appointed to pubs owned by businessman Colm Wu. An independent expert report has found a "concerning disregard for both internal control measures and adherence to Company Law" in one of his companies.

Francesca Comyn
28th Nov, 2023 - 5 min read

When growth stops: How Killeen Engineering Fabrication came unstuck

Killeen Engineering Fabrication built, installed and maintained high-end gates to residential properties and it secured between 50% and 100% of the costs upfront. So, why has it collapsed into liquidation with the potential loss of 50 jobs?

Ian Kehoe
28th Nov, 2023 - 4 min read

Altada: More questions raised including the use of private jets, villas by the once “soon-icorn”

The founders of Altada once predicted it would be worth $1bn but instead, it went into liquidation. Now there are questions about spending at the start-up, which its founders are expected to defend.

Tom Lyons
9th Nov, 2023 - 2 min read
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