Stand off in Carrickmacross over shop repossession

[morticia]

Neither a borrower, nor a lender be

(sez she hypocritically with the massive mortgage and the gift of 20/20 hindsight)

[ang]

Neither a borrower, nor a lender be

(sez she hypocritically with the massive mortgage and the gift of 20/20 hindsight)

You are so gonna love NAMA's latest ruse......

[morticia]

You are so gonna love NAMA's latest ruse......

Oh, yeah, inspired.."buy this one, we'll lend you the dosh"....

[DCon]

Oh, yeah, inspired.."buy this one, we'll lend you the dosh"....

guaranteed* to make money as property prices only go up**

*no guarantee will b given

**may not be true

[Lapsedmethodist]

I thought that nothing much happens in Carrickmacross ?

[Baron von Biffo]

I thought that nothing much happens in Carrickmacross ?

That would be Carmincross.

[Lapsedmethodist]

That would be Carmincross.

[PaddyJoe]

Case in the High Court today.

A Monaghan grocery store at the centre of a recent stand-off is before the High Court over an order restraining the former owners from trespassing on the land.
Quinn’s Superstore in Carrickmacross was put in the hands of a receiver last January over a €7.2 million debt to AIB.
Hundreds gathered as Michael and Bridget Quinn tried to stop the receiver from changing the locks on their family business.
That was last May after the supermarket got into financial difficulty trying to repay a 2006 AIB loan secured to develop the business.
The Monaghan couple now wants legal clarification that part of the lands remain outside the control of the receiver.

Lawyers for the receiver say they will aggressively fight the move arguing the company has a license to trade on all of the land.
They say if it did not an absurd situation could arise whereby the receiver would be able to operate the cash till but not the in-store coffee dock.
The case has been put back until next month.

http://www.newstalk.ie/2011/news/mon...in-high-court/