Carroll’s empire may be torn down

Property developer Liam Carroll is to begin negotiations with his various lenders in the coming days in an effort to keep large tracts of his business empire out of liquidation.

18th July, 2009

Property developer Liam Carroll is to begin negotiations with his various lenders in the coming days in an effort to keep large tracts of his business empire out of liquidation.

Having received High Court protection for six of his companies late last Friday afternoon, Carroll and his team of advisers will this week start implementing a rescue plan aimed at restructuring more than €1.1 billion in bank borrowings.

Confidential High Court documents, prepared by the...

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