Sheila Peacock
Sheila is a member of The Debt Advice Team and also assists with the upkeep and development of the www.debtadvice.ie website. Sheila is an Interactive Media graduate and is currently helping her colleagues to develop new ways to deliver debt help and information to individuals visiting the company websites.
Rent Collection & Private Landlord Information
- By Sheila Peacock
- Published October 15, 2009
ACC Bank Chases €16.2m From Business Men
This Friday a summary judgement order will be placed by ACC Bank for more than €16.2m against 2 businessmen Leo Mohan and Emmet Memery both of county Dublin, over an alleged failure to repay loans on their property.
Both Business men were transferred to the Commercial Court list this week by judge Mr Justice Peter Kelly who was told the bank, had been approached by an insolvency practitioner acting for the men who told him proposals were being prepared.
The bank held off to allow for the proposals to be made, which never turned up, leaving the bank with no option but to seek summary judgement orders.
The bank lent a €13.3m loan to both men in November 07, €9.5m of the loan was used to refinance a debt due to Allied Irish Banks for part-funding the purchase of a 4.1 hectare site at Jamestown rd, Finglas, whilst the remaining €3.8m taken for release of equity release for investment purposes.
Demands for repayment of both loans were placed on July 6th , but payment never arrived said ACC. They are seeking a summary judgment of €16,207,819 plus interest.
