Economists have now become Epidemioligists!
  • Posted by: Jim Stafford
  • Category: Business, Uncategorized

KBC Business Banking in partnership with ACCA hosted a business breakfast last week with guest speakers from Strategic Banking Corporation of Ireland and ACCA Ireland as well as KBC’s chief economist Austin Hughes. Interesting topics included: Life after Brexit & the outlook for growth globally and particularly in the Irish economy. Austin provided very knowledgeable…

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How a Judgment Mortgage of €1.4 million forced 3 other creditors owed €59 million to accept €1,200 in full and final settlement
  • Posted by: Jim Stafford
  • Category: Business, Uncategorized

If you have clients, friends or colleagues with an unpaid judgement mortgage (‘JM’) on their family home that pre-dates 1 January 2015 then, depending on their financial circumstances, they may be able to use that JM to prove eligibility for Section 115A of the Personal Insolvency Act 2012, and thereby achieve a significant write off of their debts….

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Dealing with the Revenue Sheriff and the January Blues + New Revenue guidelines on installment plans
  • Posted by: Jim Stafford
  • Category: Business, Uncategorized

The Revenue Commissioners updated their internal procedures for using Sheriffs in November 2019. As far as the taxpayer is concerned, the main changes have been internal procedures, combined with the continuing roll out their new Debt Management System which means that their decision making is becoming more computer driven, which is now resulting in much…

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High Court judgment confirms Expert Witness needs to demonstrate to the Court that he/she is an Expert if his/her evidence is to be even considered
  • Posted by: Jim Stafford
  • Category: Business, Uncategorized

A recent High Court judgment highlights the importance of an Expert Witness demonstrating to the court that he/she is an expert witness. If the Expert Witness does not demonstrate his/her expertise, then the evidence will not be considered. I set out below a link to the case: Havbell DAC v/s Hillard https://www.courts.ie/acc/alfresco/627e9e5a-830d-4610-aa4d-2e6fdceaf6a9/2019_IEHC_841_1.pdf/pdf#view=fitH As the judgment…

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Supreme Court Judgment states that Banks/Vulture Funds must “particularise”​ their claims = possible “speed bump”​ for vulture funds
  • Posted by: Jim Stafford
  • Category: Business, Uncategorized

The Supreme Court has just handed down a judgment which could create a “speed bump” for banks/vulture funds if their pleadings do not properly “particularise the amounts that they are owed. Mr. O’Malley appealed a High Court judgment obtained by Bank of Ireland, claiming that there was uncertainty on his part as to his liability…

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