Wednesday April 1, 2020

Carroll seeks deal with creditors

Property developer Liam Carroll has asked creditors of his development firm, Danninger, to write off up to 40 per cent of their debts as part of a scheme to rescue the company.

21st March, 2009

Property developer Liam Carroll has asked creditors of his development firm, Danninger, to write off up to 40 per cent of their debts as part of a scheme to rescue the company. Letters have been circulated to creditors in recent days offering them between 60 per cent and 70 per cent of their debts. A series of meetings are taking place between Carroll’s financial advisers and Danninger creditors to hammer out deals.

A significant number of...

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