January 18, 2021 1:43 pm
A leading barrister has claimed that large numbers of bankruptcy claims will be made by Ireland’s financial institutions as soon as the courts are allowed to resume ‘normal service’.
And according to Keith Farry, Irish farmers will be in the eye of the storm.
Farry spoke at a recent seminar on farm debt and personal insolvency, hosted by the Irish Creamery and Milk Suppliers’ Association (ICMSA). He explained:
“Once the Covid-19 restrictions have been lifted, there is every prospect of the banks and other financial institutions moving to take legal action against account holders who are not repaying loans and a significant number of farmers will be caught up in this push.
January 18, 2021, 5:29 pm
I sense that the amount of money owed by Irish farmers to vulture funds has increased dramatically over recent years.
This point became pretty obvious to me as I listened to the presentations given by two experts in the field of insolvency, courtesy of the recent Irish Creamery Milk Suppliers’ Association (ICMSA)-hosted webinar on this crucially important issue.
Of even more significance to me was the scope of the questions and answers (Q&A) session, which followed the presentations. I counted at least 30 questions being answered with the lady chairing the proceedings saying that time did not permit the many questions left unanswered being dealt with directly.
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Raoul Wallenberg briefing his collaborators – Photo Karl Gabor
It is quite understandable that so many words have been written about Raoul Wallenberg, one of the most heroic figures of the 20
th century.
At the early age of 32, this scion of one of the most influential families in Sweden, plunged himself into a fateful mission that would save the lives of tens of thousands of Hungarian Jews.