Companies with €2bn of Covid tax debt urged not to ‘bury heads in sand’

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 98%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Insolvency expert expects an increase in litigation against borrowers in arrears that have not been ‘engaging constructively’ with lenders

Insolvency expert expects an increase in litigation against borrowers in arrears who have not been ‘engaging constructively’ with lendersAn 'unofficial moratorium' by banks and other major creditors against taking on debtors in arrears since the beginning of Covid 'is dissipating', says Mark Woodcock of Restructuring & Insolvency IrelandIrish companies with more than €2 billion of Covid-era warehoused tax debt have been urged by the chairman of Restructuring & Insolvency...

Mark Woodcock, chairman of the forum for insolvency practitioners and a partner and head of insolvency and restructuring at law firm Fieldsfisher’s Irish practice, noted that an “unofficial moratorium” by banks and other major creditors against taking on debtors in arrears since the beginning of Covid “is dissipating”.

Mr Woodcock said his banking clients were looking at 2023 as “a new phase” and he expected an increase in litigation against borrowers in arrears that had not been “engaging constructively”. “The pillar banks [AIB and Bank of Ireland] were extremely accommodating during Covid. However, they now feel there is more freedom to pursue people who are not engaging in debt,” he said. “The situation would have been worse if the Revenue debt warehousing project had come to an end last year. But companies that have been availing of this [facility] need to start engaging now.”

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 3. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

According 2 revenue the debt is €3 Billion. Factor in a massive increase in operating & energy costs, seperate rental arrears & non tax debt, if truth be known there's 1000's of small Business's already insolvent, especially in retail & Hospitality.

COVID vaccine companies can sort u out with a loan.their minted.although they were and still are lethal,people continue to flood their bodies with this poison cause corrupt pharma's, govts and media tell u it's fine.its not.and they know it.millions dead needlessly

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Irish companies reap staff benefit of Big Tech job cutsStaff laid off by tech companies are being snapped up by indigenous Irish companies which have struggled for months to hire staff, Shena Brien, the chief executive of IP Telecom has said.
출처: businessposthq - 🏆 8. / 71 더 많은 것을 읽으십시오 »

Irish companies reap staff benefit of Big Tech job cutsIndigenous Irish firms such as IP Telecom that had faced recruitment difficulties are now attracting talent laid off by major competitors
출처: businessposthq - 🏆 8. / 71 더 많은 것을 읽으십시오 »