How to deal with a vulture fund: deals can be done

Vulture funds are commercial entities and want to make money

13th March, 2016
What rights do borrowers have if their loan is sold?

For the almost 90,000 mortgage borrowers in arrears, and for thousands of business borrowers with problem debt, it is no longer their bank that they need to worry about, as vast tranches of Irish debt are now owned by so-called vulture funds.

As major international funds and private equity giants snapped up Irish loan books in recent years, the government came under pressure to legislate to ensure that borrowers were protected. As a result, in July...

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