Debt

A COMPREHENSIVE SERIES OF ARTICLES ON THIS TOPIC

John-Whelan
John Whelan: Irish exporters can expect further challenges over trade with China  
McGrath removes interest payments on €1.7bn 'warehoused' debt owed to State by firms
McGrath removes interest payments on €1.7bn 'warehoused' debt owed to State by firms
Any interest already paid at the previous rate of 3% will be refunded

Mon, 05 Feb, 2024

Irish Examiner view: Firms need help in these hard times
Irish Examiner view: Firms need help in these hard times
Warehoused tax debt It has become clear over the last few days that the growing number of closures in the hospitality sector, as well as across many other industries, is not alone about rising costs, but the impending need for ...

Tue, 16 Jan, 2024

Home tax deduction
Will struggling mortgage holders be given the relief they deserve? 
A new EU directive regarding mortgage repossessions could spell good news for Irish homeowners struggling with their repayments

Mon, 06 Nov, 2023

Man Reading Debt Collection Letter
High Court approves debt write-offs worth millions owed mostly to financial firms
The three cases ruled on involved more than €8.5m in debts

Mon, 02 Oct, 2023

Man Reading Debt Collection Letter
€85m in tax debt from more than 950 businesses written off
The Debt Warehousing Scheme was brought in during the pandemic to support businesses through lockdown measures

Fri, 29 Sep, 2023

Horse Racing - 2010 Cheltenham Festival - Worlds Longest Billboard Handout
Flutter shares fall 4% despite a jump in revenue
Flutter chief executive Peter Jackson said Flutter is working towards adding a US listing for Flutter shares in Q4 or early next year. he said the listing would enable Flutter “to attract and retain talent and have a local equity that we can use for doing deals whether that’s with media or influencers”.

Wed, 09 Aug, 2023

FILE PHOTO End of Year Review 2019 from NAMA reveals 2 billion euro to be given to Exchequer END
Discounted loans ‘was Nama’s best option’
Nama sold loans related to the assets which had a face value of €10.5m at a huge discount of over 97%, according to a report into the transaction by the Comptroller and Auditor General

Wed, 12 Jul, 2023

Joe Biden signs budget deal to raise debt ceiling for US
Joe Biden signs budget deal to raise debt ceiling for US
President Joe Biden signed legislation on Saturday that lifts the nation’s debt ceiling, averting an unprecedented default on the federal government’s debt.

Sat, 03 Jun, 2023

Biden expected to sign budget deal to raise US debt ceiling
Biden expected to sign budget deal to raise US debt ceiling
President Joe Biden is expected to sign legislation to raise the US debt ceiling, just two days before the US Treasury warned that the country would struggle to pay its bills.

Sat, 03 Jun, 2023

US Senate gives final approval to debt ceiling deal
US Senate gives final approval to debt ceiling deal
The Senate has fended off a US default, giving final approval to a debt ceiling and budget cuts package late on Thursday. The bipartisan deal will now be sent to President Joe Biden’s desk to become law before the fast-approaching deadline.

Fri, 02 Jun, 2023

Kevin McCarthy
US debt ceiling package moves to Senate after House approval
The US House has approved a debt ceiling and budget cuts package as President Joe Biden and Speaker Kevin McCarthy assembled a bipartisan coalition of centrist Democrats and Republicans against fierce conservative blowback and progressive dissent.

Thu, 01 Jun, 2023

Joe Biden
President Joe Biden and Kevin McCarthy reach final deal to prevent US default
With days to spare before a potential first-ever government default, US President Joe Biden and House Speaker Kevin McCarthy reached final agreement.

Mon, 29 May, 2023

Joe Biden
What happens next in the US debt crisis?
After weeks of negotiations, US President Joe Biden and House Speaker Kevin McCarthy have announced an “agreement in principle” to raise the nation’s debt ceiling and avoid a potentially catastrophic default.

Sun, 28 May, 2023

Kevin McCarthy,Patrick McHenry,Garret Graves
‘Agreement in principle’ agreed in US debt crisis talks
The White House has reached an “agreement in principle” with the Republicans on a deal to limit federal spending and resolve a looming debt crisis, House Speaker Kevin McCarthy has confirmed.

Sun, 28 May, 2023

Joe Biden
Optimistic President Joe Biden insists budget agreement ‘very close’
President Joe Biden said a deal to resolve the US government’s debt ceiling crisis was “very close”, hours after the deadline to reach an agreement had been pushed back four days.

Sat, 27 May, 2023

US debt ceiling deadline to be extended
US debt ceiling deadline to be extended
US Treasury Secretary Janet Yellen has said the projected debt ceiling deadline is extended to June 5, four days later than previously estimated.

Fri, 26 May, 2023

Kevin McCarthy
Standoff over US government debt default ‘not my fault’, says Kevin McCarthy
A defiant House Speaker Kevin McCarthy said on Wednesday the debt ceiling standoff was “not my fault” as he sent Republican negotiators to the White House to finish talks, but warned the two sides need more time as they try to reach a budget deal ...

Wed, 24 May, 2023

Kevin McCarthy
Democrats accused of ‘lack of urgency’ in budget crisis talks
Republicans complained of a “lack of urgency” as talks continue to resolve the US budget dispute and avert a chaotic federal default.

Wed, 24 May, 2023

‘Productive’ meeting fails to find agreement on US budget
‘Productive’ meeting fails to find agreement on US budget
President Joe Biden and House Speaker Kevin McCarthy had what both called a “productive meeting” at the White House without reaching an agreement on a budget compromise to avoid a federal default.

Tue, 23 May, 2023

President Biden and House Speaker to meet in search of budget compromise
President Biden and House Speaker to meet in search of budget compromise
President Joe Biden and House Speaker Kevin McCarthy were due to meet on Monday as talks continued on reaching a US budget compromise ahead of a June 1 deadline.

Mon, 22 May, 2023

Kevin McCarthy
House Republicans pass US debt Bill in effort to push Joe Biden on spending
House Republicans in the US have narrowly passed sweeping legislation that would raise the government’s legal debt ceiling by 1. 5 trillion dollars, in exchange for steep spending restrictions.

Thu, 27 Apr, 2023

Irish Examiner view: Vultures a convenient disguise
Irish Examiner view: Vultures a convenient disguise
Personal insolvency arrangements

Wed, 12 Apr, 2023

Dubai Duty Free Irish Open Golf Championship - Pro-Am
Special report: High profile debt deals are the tip of the iceberg
DJ Carey's debt deals made headlines, but many ordinary people have benefited from the insolvency process, say experts

Tue, 11 Apr, 2023

AIB faces Oireachtas finance committee over debt writedown deals 
AIB faces Oireachtas finance committee over debt writedown deals 
The bank's appearance at the Oireachtas finance committee comes in the wake of the agreement reached with former Kilkenny hurler DJ Carey

Thu, 02 Mar, 2023

Irish Budget 2023
National debt stands at €44,000 per person
Mr McGrath also said that some one-off cost-of-living measures that are due to run out in the coming weeks would be extended, adding that they would not be continued “indefinitely”.

Fri, 03 Feb, 2023

US Canada
Yellen tells Congress US expected to hit debt limit next week
Treasury Secretary Janet Yellen has notified Congress that the US is projected to reach its debt limit on Thursday and will then resort to “extraordinary measures” to avoid default.

Fri, 13 Jan, 2023

Close up of using credit card pos terminal to pay. Hands inserting the creditcard to pos terminal for payment.
Card spending declines as Irish consumers cut back
Figures from the Central Bank revealed a 2% decline in total card spending in July compared to the previous month. 

Wed, 31 Aug, 2022

Street view of man choosing new car
Personal loan drawdowns in Ireland jump 20% to €414m
Banking and Payments Federation Ireland records the largest three-month national loan drawdown figure since 2020

Thu, 18 Aug, 2022

Company Insolvency And Liquidation
Psychic medium has multi-million debt deal terminated for not disclosing Spanish villa
Thomas Colton and his wife Linda had disclosed monthly net incomes totaling €5,200 from running a spiritualist wedding company.

Mon, 18 Jul, 2022

High Court allows farmer to keep €1.8m farm under debt restructuring plan
High Court allows farmer to keep €1.8m farm under debt restructuring plan
Under the arrangement, Fergus O’Connor will keep €1.8 million worth of farming assets, including land and sheep, as well as his €230,000 family home which sits on seven acres of land

Wed, 13 Jul, 2022

Currency Sales
Bar manager gets High Court approval for €7.4m debt write-off
Unsecured creditors, owed €7.1m of Oliver Flynn’s debts, will recover a 0.13% dividend under the scheme

Tue, 12 Jul, 2022

Generic personal finance pics
Wealth of Ireland's richest exceeds €788k, while poorest 10% has €600
CSO figures reveal massive wealth gap between people who own their own home and those who rent

Thu, 19 May, 2022

Sri Lanka Economic Crisis
Sri Lanka halts debt repayment pending IMF bailout plan
Sri Lanka is suspending its repayment of foreign debt pending the completion of a loan restructuring programme with the International Monetary Fund (IMF) to deal with the island nation’s worst economic crisis in decades, the government said.

Tue, 12 Apr, 2022

Russia Ukraine War Bond Payments
Credit rating downgrade indicates Russia heading for historic default
The credit ratings agency Standard & Poor’s has downgraded its assessment of Russia’s ability to repay foreign debt, signalling rising prospects that Moscow will soon default on external loans for the first time in more than a century.

Sat, 09 Apr, 2022

Ukraine Invasion
Letters to the Editor: Western folly must take some blame for Ukraine
Objective observers will recognise that the current Ukrainian crisis stems fundamentally from the US-sponsored and EU-backed coup against the legitimate government of that country in 2014.

Mon, 28 Feb, 2022

Covid borrowing raises Ireland's national debt to one of world's largest at €47k per person
Covid borrowing raises Ireland's national debt to one of world's largest at €47k per person
The fifth annual report on the national debt also shows that the cost of servicing this debt has fallen as interest rate costs have declined

Tue, 22 Feb, 2022

Roisin Shortall TD
Social Democrats table motion to stop debt collectors' pursuit of cancer patients
Social Democrat co-leader Roisin Shortall said: "What matters is the absolute lack of sensitivity and understanding being shown to cancer patients."

Wed, 02 Feb, 2022

World Bank Press Briefings Held Ahead Of IMF Spring Meetings
Optimism fades as World Bank slashes global growth forecasts, with IMF tipped to follow 
WEF survey reveals a rise in pessimism amid the 'growing canyon' between developed and developing nations

Tue, 11 Jan, 2022

File Photo PEOPLE ARE BEING warned to be alert against a phishing scam involving fraudulent emails and texts
Revenue parks almost €3bn of tax debt linked to Covid restrictions
Businesses hit by Covid restrictions will be able to continue to avail of the Debt Warehousing Scheme for the first quarter of 2022

Thu, 06 Jan, 2022

Laura Bambrick: Let’s stop the needless bureaucracy for bereaved families
Laura Bambrick: Let’s stop the needless bureaucracy for bereaved families
Government must provide a joined-up notification service to help people who have suffered a bereavement, writes Laura Bambrick

Wed, 22 Dec, 2021

Christmas overspending will leave thousands with 'crippling debt'
Christmas overspending will leave thousands with 'crippling debt'
State's debt advisory service warns that things are tougher than they were a year ago when savings were made on childcare, school runs, and commuting costs

Sun, 12 Dec, 2021

Mother and Dauhgter hugging
Fergus Finlay: Mother and baby homes redress scheme must be run by women for women
Ireland has another national debt, to the victims and survivors of mother and baby homes — and it is women who should lead the scheme to right those wrongs

Tue, 16 Nov, 2021

Euro coins in female hand
Irish Examiner View: It's time to jingle all the way
Ireland's retailers and disadvantaged people alike ought to benefit from the nation's record €312.8bn in savings

Thu, 04 Nov, 2021

Flac warns over unsecured consumer debt ahead of winter energy price hikes
Flac warns over unsecured consumer debt ahead of winter energy price hikes
The Free Legal Advice Centres' report said rising inflation, higher energy costs, the PUP being phased out, and the wage-subsidy scheme probably being removed will put a lot of people under pressure

Wed, 03 Nov, 2021

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Mick Clifford
Mick Clifford

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