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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