Business Irish

Saturday 20 September 2014

'Just 15,000' to get insolvency deal

Published 09/11/2012 | 05:00

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THOUSANDS of consumers will attempt to get a deal on their personal debts under new insolvency laws, but just 15,000 are likely to benefit, insolvency expert with William Fry solicitors, Fergus Doorly, has told a conference.

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He said the new personal insolvency legislation would be used as a lever by heavily indebted householders to get a deal from their bank.

UK institute ends Irish conference

THE UK-based Institute of Small Business and Entrepreneurship has ended its first ever annual conference outside Britain.

The event was held in Croke Park on Wednesday and yesterday and was attended by about 400 delegates. About 250 papers were delivered during the event on various topics ranging from rural enterprise to venture capital.

More house tax exemptions plea

THE tenants of housing associations should be exempt from the proposed property tax, the charity Respond has said.

The housing charity believes the precedent set by excluding housing associations and their tenants from paying the household charge should be continued in the forthcoming Budget.

Exports reduce US trade deficit

THE US trade deficit unexpectedly narrowed in September due to a sharp rise in exports, suggesting global demand for US goods was holding up despite the debt crisis in Europe.

Other data showed a drop in new claims for jobless benefits last week, although a severe storm distorted the data.

Commerzbank off profit forecasts

COMMERZBANK, Germany's No 2 bank, missed third-quarter profit forecasts.

It said it was unlikely to pay a dividend this year or next as a weakening European economy hampers its recovery from the financial crisis.

Glanbia vote

AN article in Thursday's edition of the Irish Independent titled "Glanbia milk processing joint venture sours relations despite share jump", referred to an advertisement placed by "rebel board members".

No board members of Glanbia were involved in the advertisement. We are happy to clarify this matter.

Irish Independent

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