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Tag Archives: debt

€125,000 fleadh debt outstanding

THE final meeting of the Fleadh Cheoil na hÉireann Executive Committee, which was held in Cois na hAbhna in recent weeks, heard that the 2017 national event, which was held in Ennis, is currently in debt to the tune of €125,000. The Clare Champion has learned that the national executive was approached and asked to help defray costs, but it has refused. At the meeting, a representative from Comhaltas headquarters said it was “unprecedented” that a national fleadh lost so much money. The meeting was told there was a current debt of €125,000 but a written report was not circulated. Delegates, however, were “sworn to secrecy”. Fleadh committee chairman, Frank Whelan did not dispute that the €125,000 figure is currently accurate but he said that organisers are owed money. “We’re still in the process of getting in money. There is money outstanding. When the event is over, it’s much harder to get it in but we are working on it,” …

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ISME focus on debt restructuring

ISME, the Irish Small & Medium Enterprises Association, has launched its nationwide SME Debt Restructuring seminars to be held in early September. The association has called on the Irish banks to remember that the reason for the taxpayer bailing them out was so that they in turn would be in a better position to assist vulnerable SMEs to trade profitably again. The free seminar for businesses in the Mid-West will be held in the Strand Hotel, Limerick on Thursday, September 4. At the launch the ISME CEO, Mark Fielding stated, “While the scale of the issues and the competing nature of the demands in terms of personal debts, personal investments and business needs have resulted in some paralysis, SMEs are negotiating solutions with their banks and coming out of the process with integrated and well thought out evaluations and plans to allow them continue to trade”. “The purpose of the seminars is to demonstrate to business owners that despite the severe pressure …

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