Lone Star chases Abrakebabra boss Beere for €220k

Spike in debt cases before High Court as year draws to a close

Graeme Beere, founder of Abrakebabra Picture: Photocall Ireland

The final quarter of this year has seen an uptick in High Court actions by ‘vulture’ debt holders chasing business people and professionals whose distressed bank debt they own.

Among these is Abrakebabra food chain founder Graeme Beere, who is being pursued by Lone Star for about €220,000 related to a personal guarantee on former Anglo Irish Bank distressed debt that it bought some years ago.

“The AIL Group [the Beere-founded group that ...