Friday February 21, 2020

Vulture funds launch debt enforcement blitz

Former Westlife star Shane Filan and Wexford TD Mick Wallace among those targeted

13th November, 2016
Westlife star Shane Filan, PIc: Getty

Vulture funds have been ramping up their debt recovery operations, with independent TD Mick Wallace and former Westlife star Shane Filan among the borrowers in the crosshairs.

After a period of subdued legal activity, more than two dozen High Court summons were issued by funds linked to CarVal and Goldman Sachs in the past week.

Filan is not the subject of summary proceedings but Cerberus offshoot Promontoria has appointed a receiver over his real estate...

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