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Dealing with insolvent construction companies is a difficult proposition for creditors, particularly if those insolvent companies have been involved in particularly large developments. But construction firms are the very businesses that are becoming

21st February, 2009

Dealing with insolvent construction companies is a difficult proposition for creditors, particularly if those insolvent companies have been involved in particularly large developments. But construction firms are the very businesses that are becoming increasingly insolvent, being hit hardest by the falling property values that are afflicting the Irish economy.

‘‘The nature of construction companies that have become insolvent is that they tend to leave incomplete sites, with developments partially built,” said Conor O’Boyle of O’Boyle...

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