News Formal

Creditor appoints receiver to one of developer Greg Kavanagh’s companies

  • 📰 IrishTimesBiz
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 77%

United States News News

United States United States Latest News,United States United States Headlines

Creditor appoints receiver to one of developer Greg Kavanagh’s companies via IrishTimesBiz

A spokesman for Mr Kavanagh confirmed that the property developer, Mr Walsh and Ms O’Neill had been in dispute for around seven years over Wynnstay House and three other properties in which the parties hold interests.

“The settlement provides for the striking out of proceedings, the release of security on Wynnstay House and Greg Kavanagh giving up his interest in the three other properties.” Ms O’Neill and Mr Walsh will receive cash, thought to be around €3 million, as well as the three properties that Mr Kavanagh has agreed to surrender, if the settlement proceeds.

Ms O’Neill’s lawyers told the High Court in 2020 that Mr Kavanagh owed her €6.4 million, which included interest dating back to 2014.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Administrators of collapsed Orla Kiely business pay out dividend to some creditorsPreferential creditors receive about 25 pence per pound sterling of debts via IrishTimesBiz
Source: IrishTimesBiz - 🏆 6. / 77 Read more »