The High Court agreed to wind-up the social housing builder after attempts to draw in new investment to Blacklough failed. The company had recently been the target of several attacks, including a masked raid on one of its sites.
In terms of value, the insolvent Cork artificial intelligence firm was described as a "melting ice cube"; without a quick sale staff will leave and there will be nothing left. But a liquidation report has raised "weighty" concerns about the company's borrowings and spending.
Windhoist had four big contracts all due for completion in a matter of months, but with no cash and no financing available it is has run out of road.
On Tuesday, the FAI pulled the plug on JACC's most lucrative business contract. Now it's facing the wall with debts of over €13 million and serious allegations about stock transactions and handling creditor claims.
Liquidators for the Irish arm of Wirecard have submitted the bill for the first phase of winding up the company.
The Court of Appeal sent papers to the corporate watchdog for review after Anthony J Fitzpatrick said he inadvertently failed to disclose the withdrawal of money from the liquidation account of a Galway restaurant. The accountant tried to appeal the move.
Having sold a valuable pharmaceutical trademark for €1.2m, shareholders at Chempro Investments decided to liquidate the company and reap the financial rewards. It was supposed to be routine. Then they discovered most of the money was gone.
Unbeknown to its members, Drumcondra Credit Union spent years struggling with an impaired loan book, an over-valued property and a black hole in its reserves. This is the inside story behind the credit union's insolvency.
In 2008, a liquidator was hired to wind up a prosperous Irish owned printing business whose shareholders had fallen out. It was meant to solve their problems. Then the liquidator found himself in the firing line.
When the retail chain Monsoon Accessorize went to the wall last month, the liquidator had to figure out what to do with all the Irish stock. Sell it on obviously. But to whom and at what discount?
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