Fair play to her, sounds like the “can do” spirit we need more of. Not all that doom and gloom stuff we read about.
How did that song go ? I get knocked down but I get up again
And now if you excuse me I am off to bleach my eyes after reading this article.
I think this is great news… if one goes bankrupt… the assets can be transferred to their spouse.
But if both spouses go bankrupt… and have no siblings… then it’s different story.
IMHO, that puts the final nail in the coffin of the myth that property developers were entrepreneurs. The reality is they are just ‘one trick ponies’ who got lucky on the back of the credit bubble and are unable to turn their (or their proxy’s) hand to anything else.
Their practices, and the blinkered actions of the banks, diverted much needed funding from real investment in job creation here in Ireland.
I’d bet good money these 2 will be destitute within 18 months. Renting a multimillion dollar home in Conneticut. Keeping up appearances whilst leaking money all over the place. The ultimate insiders getting picked apart when they try the same scam in a different neighborhood.
Heard that one myself. Most of the time it’s just about whether or not you have enough spoofery in you to convince a bank and others to lend you funds (please somebody fund my gamble to make me feel more important).
I just don’t get this. Has there been some change in law? In another life I was divorced and my solicitor told me that everything from the marriage was joint - whether that be property, money or… debt.
I live in Manhattan and a buddy of mine had a few drinks with Dunne a couple of weeks back in a midtown drinking establishment. He seems to have plenty of money to invest and is cosying up to well off Irish and Irish-American business owners in the city. A lot of curiosity as to what his plans are. He is small time over here but the city is full of Irish money in the property field and not all of it has gone bad. Fianna Failers are thick on the ground at the moment too.