Banks get personal with receiver appointments

Irish banks are increasingly appointing receivers over the personal assets of borrowers as they seek to shore up their loan books, according to a new report by accountancy firm FGS.

Ian Kehoe - avatar

Ian Kehoe

2nd October, 2010

Irish banks are increasingly appointing receivers over the personal assets of borrowers as they seek to shore up their loan books, according to a new report by accountancy firm FGS.

FGS said there had been a marked increase in receivers being appointed over personal borrowings this year, estimating that receivers had been appointed to the personal assets of close to 100 borrowers in the first nine months of the year.

Unlike when a receiver is appointed...

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