Debts force plea for protection
The €1.2bn owed by Liam Carroll's companies to banks has left observers flabbergasted, writes Maeve Sheehan
Published 19/07/2009 | 00:00
THE news that the group of companies owned by Liam Carroll, the Zoe Developments group, were insolvent should hardly have been a surprise.
The property market has collapsed. The millionaire moguls spawned by the boom have found themselves teetering on a financial precipice.
On Friday, they were pushed even further over the edge when one of the giants of their game over the past 20 years asked the High Court to protect his companies from banks looking for their money back.