Irish Taxi Forum
Public Area => Taxi Talk => Topic started by: Rat Catcher on February 11, 2023, 03:28:50 pm
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https://www.sportsjoe.ie/gaa/gardai-investigating-claims-well-known-gaa-star-involved-e1m-fraud-scandal-282702 (https://www.sportsjoe.ie/gaa/gardai-investigating-claims-well-known-gaa-star-involved-e1m-fraud-scandal-282702)
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Whois it????
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Whois it????
Cathriona Carey from Gowran County Kilkenny is a fraudster she comes from a famous sporting family .She has a brother called DJ Carey one of the greatest Hurlers of all times .Sorry I dont know who the Low Life thieving Bastard is .
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If the cap fits....
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Well DJ did go to the States for "Treatment" so it's about 1.05 to be him.
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Whois it????
Cathriona Carey from Gowran County Kilkenny is a fraudster she comes from a famous sporting family .She has a brother called DJ Carey one of the greatest Hurlers of all times .Sorry I dont know who the Low Life thieving Bastard is .
But ye just thought you'd throw it out there anyway!! lol
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The Indo journalist that he sued years ago will be laughing his ass off at this news ! lol
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People in Kilkenny see him as a god! I dunno if many Dubs would know him?
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To be fair, there's probably only a handful of GAA "stars".
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Anyone that hasn't heard of DJ Carey musta been livin under a rock for manys a year!!
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Anyone that hasn't heard of DJ Carey musta been livin under a rock for manys a year!!
Ironic product endorsement
(https://i.postimg.cc/p5bZ6gms/DJ.jpg) (https://postimg.cc/p5bZ6gms)
https://www.rte.ie/radio/radio1/stories/1218450-sarah-newman-ryan-tubridy/ (https://www.rte.ie/radio/radio1/stories/1218450-sarah-newman-ryan-tubridy/)
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Whois it????
Cathriona Carey from Gowran County Kilkenny is a fraudster she comes from a famous sporting family .She has a brother called DJ Carey one of the greatest Hurlers of all times .Sorry I dont know who the Low Life thieving Bastard is .
Newman and Carey dream crashed to earth
Sarah Newman and DJ Carey had it all at one stage, including a chalet in Zermatt, Switzerland
Sarah Newman and DJ Carey had it all at one stage, including a chalet in Zermatt, Switzerland
Emily Hourican
April 22 2012 04:47 AM
IN the heady days of the Celtic Tiger, the K Club was a microcosm of all that was ambitious and aspirational about this country.
Choppers came and went -- the club has space for 300 helicopters at any one time -- both golf courses were regularly booked out, and the various bars and restaurants were busy and buzzy. Houses and apartments -- all architecturally typical of the Celtic Tiger era: large, opulent, fashionable -- were no sooner built than they were sold, for up to €2m each, even though most overlook the Smurfit course, which is exposed and windswept, without the gentle tree coverage of the Palmer course. Financial moving and shaking were as much a part of the action as golf, and deals were endlessly done, over drinks, afternoon tea, and 18 holes. And for a time, Sarah Newman was queen of the K Club. Lady Captain for 2010, she and her partner, legendary Kilkenny hurler DJ Carey, owned two of the luxurious houses. She had a huge profile thanks to Dragons' Den, and serious money, through the sale of her company, Needahotel.com to Cendant Corporation in 2006 for between €30m and €50m.
These days, the choppers are largely gone, the fees less defensible in the new economic climate.
And for Sarah Newman, there is a new reality too. Although she had actual cash, unlike most of the boomtime millionaires who were hopped up on credit, these days she has her own financial woes, and now her relationship has also foundered. The couple announced to their circle of friends -- by text message apparently -- just over a week ago, that the relationship was over. She is currently staying in England with her mother, while Carey is apparently living at one of the K Club houses.
Newman is not a quitter, in life or in love. "Never give up selling. Keep going back. Rejection can be a good thing, it can help you improve your product," was the roundly upbeat advice she delivered to a roomful of enthusiastic, ambitious young people, as part of the DIT Be Inspired lecture series, back in 2009. "You can find a way and you can always find solutions. Our ancestors didn't sit there and say, bugger this, it's far too hard work."
At the time, intimations of the financial trouble to come were vague, known only to her closest friends. To all public intent, Newman was then the phenomenally successful dotcom millionaire, who built up Needahotel.com as a single mother by dint of hard work and tireless determination, then sold it for serious money. She was a poster girl of the Celtic Tiger, proof that big dreams and hard graft were all anyone needed to succeed. She was also then known as the sexy, blonde Dragon on Dragons' Den, the one who asked the toughest questions and almost never invested.
"Never give up," is therefore advice she was well qualified to give. It's advice that she seems to have applied to her relationship with DJ Carey as much as her business life. Until last week, when the couple finally called it quits, they had battled hard at making things work through several crushingly stressful years.
By the time judgments were made against them both in the Commercial Court last year -- for more than €9m each in favour of AIB Mortgage Bank -- the couple must have been frantically paddling for quite some time, trying desperately to keep their finances stable, even as his cleaning product company went into liquidation, and their property empire plummeted in value along with the rest of the country. The AIB debts related to cross-guarantees each gave in respect of the other's liabilities, specifically mortgage loans of €7.85m and €1.5m, dating back to 2007, which allowed them to refinance existing debt and release equity on properties jointly owned.
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The cross-guarantees were slightly unusual transactions, but then, theirs was a deeply entwined relationship, in which each was involved with the other's businesses and finances. Rather than two lives running separate and parallel, they chose to confront the world as a unit. And even though they were an initially unlikely couple -- she a blonde, shiny Essex-girl-made-good, gregarious and a relentless net-worker, he a sporting legend and hero to men throughout the country, but personally shy and modest -- together, they were a convincing double act.
The relationship began around seven years ago after Carey split from his wife -- the sad end to that marriage came following an unpleasant few weeks before the 2003 All-Ireland Final, when rumours had reached critical mass and he lived in daily expectation of finding his private life splashed across the tabloid papers -- and the pair connected in a love of golf, an approachable, down-to-earth attitude and in putting family first. He had two sons, she a son and a daughter from her marriage to Patrick O'Donohoe, from whom she separated in 2000, and for a while they were like the Brady Bunch; a happy, modern, blended family.
Indeed, when the couple flew to Mauritius in January for a last-ditch luxurious, five-star holiday, a final stab at saving the relationship, they took some of their children and Newman's mother with them, sparing no expense in order to reinforce the closeness between all those concerned. That they returned defeated, unable to make a go of things any longer, suggests that finally, even Newman had to admit that simply trying was no longer enough. "She is devastated, to put it mildly. Really heartbroken," one friend of the couple has said. "Things have been tough for at least two years between them," said another, "and she has tried everything to make it work. She did not want this to happen."
"He's my absolute soundboard," Newman herself said of Carey, in a 2007 interview. "He's a very level-headed, logical, stable, feet-on-the-ground type of guy and he would have added a completely different dimension to the way I approach business." It's the kind of thing often heard from women who are financially more successful than their partners, a kind of attempt at redressing the economic balance by identifying him as crucial to that success. However, Newman quite clearly meant it, finding in the quietly-spoken Kilkenny man an excellent foil for her own more bubbly personality. She later added, "Having a partner who doesn't hold you back is very important." In fact, far from holding her back, the two combined were a bone fide power couple, more mesmerising together than either of them was individually. While Newman has been described as "like Marmite -- you either love her or hate her" -- Carey is generally considered worthy of the quiet adoration he inspires in most men.
During the good years, both were known to be extremely generous, personally and to charities, and willing to take time and trouble with people. They were regulars at balls, parties and sporting events. Her spectacular success with Needahotel.com made her a magnet for anyone looking for investment, and she was frequently beset by people looking to give her financial advice or persuade her to invest in schemes. "She was massively generous, and they were very much part of a social, gregarious scene," said one who knew them in those days.
As well as the K Club properties, the couple bought a house at Mount Juliet, and a large beautifully renovated Georgian redbrick on Alma Road in Monkstown, where they mostly lived, with Newman's children. And then there was Chalet Grace, in a chic ski resort in Zermatt, Switzerland. Named for Newman's daughter, Chalet Grace was a true Celtic Tiger folly, with double-height floor-to-ceiling windows on all three levels, five double bedrooms, a dining room seating 14, a home cinema, a games room with pool table, and a 'Wellness' centre including a sauna, shower room, massage room, Pilates/yoga space, outdoor hot tub and shower. The chalet was finished in 2010, and on the market barely a year later, for €12.1m. It finally sold last year, which undoubtedly eased the financial strain considerably. However, that wasn't enough to turn back time on the stress of recent years.
Although she was highly visible socially, for such an apparently canny businesswoman, Newman has been strangely quiet professionally since the sale of Needahotel. As a Dragon, she famously invested almost nothing -- she was beguiled at one point by the notion of hand-crafted hurleys, but the venture ultimately came to little. Since then, she has gone into business with healer Michael O'Doherty, who describes her involvement as "of immense value and ... very much appreciated." O'Doherty specialises in something called Plexus Bio-Energy, a kind of healing by energy-release, and most famously apparently cured Michael Flatley of a mysterious virus that had laid him low for three years. Newman decided to invest in his proposition, because she apparently believed it would help get people through the recession with their health intact. Speaking at the time, she cited the good effect O'Doherty had had on Carey: "DJ has found that he is a lot more positive now, he feels stronger and he has far more energy than before. If you're under a huge amount of pressure it is like someone switches off a light and for DJ it was like someone unplugged his power support. But ever since he visited Michael, it's like a cloud has been lifted," she said.
Thanks to Sarah's involvement, Michal O'Doherty has opened a clinic in London. It is perfectly obvious that O'Doherty's healing claims caught Newman's eye because both she and Carey were, at the time, under almost impossible strain. That was shortly before the Commercial Court judgment. At the time, DJ Carey Enterprises, a cleaning products business built up over 18 years, of which Newman was a director, was in serious trouble, going into voluntary liquidation with debts of €1.7m. It was later bought out by Western Hygiene, where Carey now works as area sales manager. At the time, he told friends: "It's embarrassing, it's shameful, it's hurtful." However, he has since thrown himself into his new role and has been instrumental in the expansion of the business.
Before the liquidation of DJ Carey Enterprises came the discovery of large, unaccounted-for financial holes in the operation, which resulted in the gardai being called in. An investigation into some €200,000 is still on-going, though no arrests or charges have been brought. DJ ran the company with his sister Catriona, a former hockey player who earned 72 caps for Ireland, was at one time a director of the company, along with her brother. Catriona, described by a former schoolmate as "a glamorous sports star and businesswoman. She drives a BMW and she's part of a clique of good-looking Kilkenny girls", stood down in March 2009 and then started up another cleaning company in Kilkenny, Carey Cleaning Supplies, whose directors were listed as Catriona and Liz, another sister, as well as their mother, Maura.
At almost the same time, Newman was involved in a dispute with her ex-husband, Patrick O'Donohoe, over property, including the houses in Monkstown and the K Club. Although the couple have been separated since 2000, O'Donohoe was a co-director of Needahotel.com, and a year after the company was sold, the High Court ordered Newman to pay over €2.1m to her ex-husband. Some years later, with an amount rumoured to be more than €1m still outstanding, O'Donohoe registered charges over the house on Alma Road and the K Club properties. Sarah Newman says that all financial issues between the pair have now been resolved.
The question now is, where to next for Sarah Newman? Is she indeed an entrepreneur of genius, capable of picking herself up from failure in order to try, try again and try harder? Or a one-hit wonder who got lucky at a time when luck was in good supply?
Newman was just 16 when she left school. She was 25 when she married Patrick, moved to Ireland and set up Needahotel.com, with no money, nothing but conviction and energy. "I sat there on my first day and said 'S***, what have I done?' I had no money, but ... I knew that if I knocked on the door of every travel agent in Ireland, they would book with me," she said in an interview once. And knock she did, repeatedly, north and south, until she got the business. She also befriended one of the directors of Ryanair, and got herself a desk in their Phoenix Park call centre.
"I used to canvas every single one of the call centre staff daily, myself, and ask them, 'please just ask everybody who books a flight with you, do they need a hotel.'" Although her marriage had broken up, and Newman was busy with two young children, she worked tirelessly. Sales of "zero" in the first month, rose to €100m in 10 years, at which point Newman did the deal with Cendant. Showing typical generosity, Newman gave each of her then 75 employees even those just newly joined, a cheque for several thousand euros, all tax-free.
So, can she do it all again? The break-up of her relationship with Carey is undoubtedly a hard blow -- her devotion to him has never been in any doubt -- but ultimately, Sarah Newman is, in the words of one acquaintance who knows her through various charity events, "a go-getter, she's not a quitter. Other people might crawl into a hole after this and let go. She won't. She'll be back." After all, she is still only 43. Plenty of time for a second act.
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Former Dragon Sarah Newman finds love with British Lord after split from DJ Carey----reported yesterday
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He's fairly in de Shite now !!
RTE aren't naming him, but the local radio stations are reporting a high profile ex-GAA player.
https://www.rte.ie/news/ireland/2023/0222/1358284-gardai-arrest/ (https://www.rte.ie/news/ireland/2023/0222/1358284-gardai-arrest/)
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Well DJ did go to the States for "Treatment" so it's about 1.05 to be him.
Is that 1.05 still going ?
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Anyone that hasn't heard of DJ Carey musta been livin under a rock for manys a year!!
Never heard of the cnunt
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Anyone that hasn't heard of DJ Carey musta been livin under a rock for manys a year!!
Never heard of the cnunt
You must of heard of him .He is a Famous Robbing Cunt has a Sister with Great Nipples also a Robbing Cunt .
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Anyone that hasn't heard of DJ Carey musta been livin under a rock for manys a year!!
Never heard of the cnunt
You must of heard of him .He is a Famous Robbing Cunt has a Sister with Great Nipples also a Robbing Cunt .
Just looked her up ....yea heard of her ....absolute cnut ....obviously
Phychopity is a family condition/ deformity....horrible filth robbin peoples life savins annstuff wasn't she ?
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Anyone that hasn't heard of DJ Carey musta been livin under a rock for manys a year!!
Never heard of the cnunt
Me thinks you hit the nail on the head there Marky ! lol
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Anyone that hasn't heard of DJ Carey musta been livin under a rock for manys a year!!
Never heard of the cnunt
You must of heard of him .He is a Famous Robbing Cunt has a Sister with Great Nipples also a Robbing Cunt .
Just looked her up ....yea heard of her ....absolute cnut ....obviously
Phychopity is a family condition/ deformity....horrible filth robbin peoples life savins annstuff wasn't she ?
It would seem her superstar brother was in on the whole thing ??
I reckon that Indo journalist he sued way back is laughing his bollocks off today ! rofl
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Imagine having a moniker like DJ and ending up with a CRIMINAL record? Oh, the f**king irony!!
Man good with sticks behind bars!! rofl
Of Caitríona, DJ is alleged to have said "I'll f**king Slíotar throat". 8)
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Imagine having a moniker like DJ and ending up with a CRIMINAL record? Oh, the f**king irony!!
Man good with sticks behind bars!! rofl
Of Caitríona, DJ is alleged to have said "I'll f**king Slíotar throat". 8)
rofl rofl rofl
10/10 for that one ……I dunno what cam ogie you?
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As I suggested at the time his sister was charged, I'd say he was up to his neck in it. She was the fall girl, protecting the brand for future scams. Although scams might be a bit strong, the theory and presumably initial intent behind the scheme they operated was sound. All they were seeking to do was buy bad debts from banks for a small fraction of their worth (which is a common enough practice carried out by a range of debt collection firms in respect of unsecured debt) and sell them back to the original debtors at a reasonable profit.... in essence allowing poor people benefit from the level of bank writedowns generally reserved for the rich. There was a programme about it on RTE, Octy, which you'd probably quite enjoy given your general enjoyment of the Irish being "dumb". Star of the show has to be the Louth man who exclaimed "they had letterheads anall"... has to be heard in a Loud accent to be fully appreciated.
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https://www.rte.ie/news/primetime/2023/0221/1358055-dj-carey-settlement/ (https://www.rte.ie/news/primetime/2023/0221/1358055-dj-carey-settlement/)
DJ Carey properties sold by AIB after court judgment
Updated / Thursday, 23 Feb 2023 17:14
DJ Carey secured a "full and final settlement" with the bank in 2017
By Paul Murphy
Prime Time
It has emerged that a property in the K-Club and another in Mount Juliet used as security for borrowings of €7.85m from AIB, by former Kilkenny hurler DJ Carey were sold by the bank in 2014 and 2015, realising €1.52m for the bank.
A further property at the K-Club in the name of a former partner of Mr Carey, for which AIB had loaned €1.5m, and for which Mr Carey had signed a personal guarantee, was sold by the bank for €285,000 in 2014.
The properties were sold by AIB after it secured a judgement of €9.5m in 2011 against Mr Carey and his former partner.
In March 2016, DJ Carey sold his former home in Gowran, Co Kilkenny against which AIB had a charge, raising a further €190,000, according to the Residential Property Price Register.
Assets owned by Mr Carey's former partner were sold, with the proceeds going to further reduce €9.5m owed to the bank. In March 2016, a court hearing related to the debts was told the amount outstanding at the time was €6.4m.
Prime Time obtained a copy of that settlement, under which Mr Carey secured debt forgiveness from the State-owned bank. Last week, Prime Time reported on the settlement document which suggested that Mr Carey secured a 99.4% reduction on a debt of €9.5m to AIB.
The settlement document did not refer to the sale of the properties mentioned above, but once these are considered the actual debt forgiveness received by Mr Carey in 2017 was slightly over 99% of the outstanding €6.4m referred to in the court hearing the previous year.
The bank secured a High Court judgment for €9.5m on 9 May 2011, arising from a €7.85m loan to Mr Carey that was secured on one house at Mount Juliet in Kilkenny and another house at the K-Club in Kildare, as well as a personal guarantee given by Mr Carey relating to a €1.5m loan secured on an apartment at the K-Club, owned by his former partner.
In Mr Carey's debt settlement document titled 'Compromise of certain liabilities you have to AIB Mortgage Bank', Mr Carey agreed to pay AIB €60,000 "in full and final satisfaction" of the debt owed.
According to the Residential Property Price Register, in 2014 and 2015 the property in Mount Juliet sold for €799,000, while the two properties in the K-Club sold for €285,000 and €717,000 respectively to realise a combined total of €1.8m for AIB. In addition, his former home in Gowran raised €190,000.
Mr Carey’s settlement with AIB was conditional upon payment by him of the €60,000 within three months.
It is not clear from the documents obtained by Prime Time when the payment was made, but 12 months later the bank wrote to Mr Carey to acknowledge that it had received the money.
The agreement also stated that it was a "requirement" that Mr Carey’s signature be witnessed by a practising solicitor who had provided independent legal advice to Mr Carey.
However, rather than a solicitor, Mr Carey’s signature was witnessed by an accountant.
DJ Carey has not responded to a request for an interview. Allied Irish Banks has said it does not comment on individual cases.
However, AIB staff received an email from the bank's Managing Director of Retail Banking, Jim O’Keeffe, which sought to clarify the bank’s approach, in general to debt write-down.
Mr. O'Keeffe told staff that: "Where customers are in financial difficulty, our resolution process is based on their ability to repay, taking account of the customers’ assets and their sustainable income levels."
He said that "the process seeks to exhaust all appropriate avenues to realise value for the bank from any available secured assets" and that "it also may take account of third-party certification as to a borrower’s income and asset status and may also consider other documentation relating to the borrower’s personal circumstances".
"Clearly, I cannot comment on any individual cases for legal reasons, but I would like to reassure you that some of the external commentary over recent days does not provide the full picture", Mr O’Keeffe said, adding that "I also want to reassure you that the bank has a robust governance process for debt resolution and this process was followed."
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https://www.rte.ie/news/primetime/2023/0221/1358055-dj-carey-settlement/ (https://www.rte.ie/news/primetime/2023/0221/1358055-dj-carey-settlement/)
DJ Carey properties sold by AIB after court judgment
Updated / Thursday, 23 Feb 2023 17:14
DJ Carey secured a "full and final settlement" with the bank in 2017
By Paul Murphy
Prime Time
It has emerged that a property in the K-Club and another in Mount Juliet used as security for borrowings of €7.85m from AIB, by former Kilkenny hurler DJ Carey were sold by the bank in 2014 and 2015, realising €1.52m for the bank.
A further property at the K-Club in the name of a former partner of Mr Carey, for which AIB had loaned €1.5m, and for which Mr Carey had signed a personal guarantee, was sold by the bank for €285,000 in 2014.
The properties were sold by AIB after it secured a judgement of €9.5m in 2011 against Mr Carey and his former partner.
In March 2016, DJ Carey sold his former home in Gowran, Co Kilkenny against which AIB had a charge, raising a further €190,000, according to the Residential Property Price Register.
Assets owned by Mr Carey's former partner were sold, with the proceeds going to further reduce €9.5m owed to the bank. In March 2016, a court hearing related to the debts was told the amount outstanding at the time was €6.4m.
Prime Time obtained a copy of that settlement, under which Mr Carey secured debt forgiveness from the State-owned bank. Last week, Prime Time reported on the settlement document which suggested that Mr Carey secured a 99.4% reduction on a debt of €9.5m to AIB.
The settlement document did not refer to the sale of the properties mentioned above, but once these are considered the actual debt forgiveness received by Mr Carey in 2017 was slightly over 99% of the outstanding €6.4m referred to in the court hearing the previous year.
The bank secured a High Court judgment for €9.5m on 9 May 2011, arising from a €7.85m loan to Mr Carey that was secured on one house at Mount Juliet in Kilkenny and another house at the K-Club in Kildare, as well as a personal guarantee given by Mr Carey relating to a €1.5m loan secured on an apartment at the K-Club, owned by his former partner.
In Mr Carey's debt settlement document titled 'Compromise of certain liabilities you have to AIB Mortgage Bank', Mr Carey agreed to pay AIB €60,000 "in full and final satisfaction" of the debt owed.
According to the Residential Property Price Register, in 2014 and 2015 the property in Mount Juliet sold for €799,000, while the two properties in the K-Club sold for €285,000 and €717,000 respectively to realise a combined total of €1.8m for AIB. In addition, his former home in Gowran raised €190,000.
Mr Carey’s settlement with AIB was conditional upon payment by him of the €60,000 within three months.
It is not clear from the documents obtained by Prime Time when the payment was made, but 12 months later the bank wrote to Mr Carey to acknowledge that it had received the money.
The agreement also stated that it was a "requirement" that Mr Carey’s signature be witnessed by a practising solicitor who had provided independent legal advice to Mr Carey.
However, rather than a solicitor, Mr Carey’s signature was witnessed by an accountant.
DJ Carey has not responded to a request for an interview. Allied Irish Banks has said it does not comment on individual cases.
However, AIB staff received an email from the bank's Managing Director of Retail Banking, Jim O’Keeffe, which sought to clarify the bank’s approach, in general to debt write-down.
Mr. O'Keeffe told staff that: "Where customers are in financial difficulty, our resolution process is based on their ability to repay, taking account of the customers’ assets and their sustainable income levels."
He said that "the process seeks to exhaust all appropriate avenues to realise value for the bank from any available secured assets" and that "it also may take account of third-party certification as to a borrower’s income and asset status and may also consider other documentation relating to the borrower’s personal circumstances".
"Clearly, I cannot comment on any individual cases for legal reasons, but I would like to reassure you that some of the external commentary over recent days does not provide the full picture", Mr O’Keeffe said, adding that "I also want to reassure you that the bank has a robust governance process for debt resolution and this process was followed."
Jim O'Keeffe comes across as a liar. He says the bank doesn't comment on individual cases, then proceeds to email all AIB staff regarding Mick with the Stick's settlement.
I've got a close friend who was told when he tried to open a joint bank account, that because he left AIB in debt to the tune of a four-figure sum, he was now considered dead to the bank.
They still allow him to operate a current account though.
He, for what it's worth, isn't losing any sleep and now banks elsewhere. Preferring to avoid the two "pillock banks" the taxpayer bailed out. 8)
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So it looks like that D.J Carey was the Nigerian prince after all >:(
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Was that a four figure sum after a 99.4% write down, SB?
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More interested in the Sarah Newman Dragon Den one…She did the UK bankruptcy thing on a Friday just before the Garda were going to call her in to ask about the 4,5million that she owed in Eire! Not a insider tip off ,for sure? There was a joke that the tent for the Jockeys at the K blew down and the enterprising Dragon offered her knickers as a attempted repair job……Personally I dont believe that story and feel very sorry for her and the DJ fellas bad luck. ::blond ::blond
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Quite. One can't help but feel sorry for a man who had to fork out €57,000 to clear a debt of €9,500,000. At that rate the erm coulda bought his gaff for IR£0.02!
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Was that a four figure sum after a 99.4% write down, SB?
The original debt was sold to a DRA out west employed by AIB - and I may be wrong as this is second-hand information - 10%. Once the DRA got their 10%, or thereabouts they f**ked off to tackle less clued-in people.
https://mabs.ie/tackling-debt/your-rights-about-how-your-creditors-can-demand-repayment/#
So he paid 10% of the debt. Unlike mick with the stick, he never played for his county or married a multi-millionairess.
Although most of the money saved eventually "Went over the bar". 8)
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Yeah! but Micks went over the Wine Bar?
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Yeah! but Micks went over the Wine Bar?
After DJ's cleaning business started going downhill Ms. Newman filed a report with Gardaí citing Domestos abuse... 8)
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She was done for bleach of the peace.
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She was done for bleach of the peace.
DJ admits to liking a drink, but has since taken the Pledge! 8)
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Jayes!….that's Brillo!
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Jayes!….that's Brillo!
DJ said to his new bird, your pad or mine?
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Sure he is only one of 1,950 chancers who got a 90% write down from AIB. yippee
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Sure he is only one of 1,950 chancers who got a 90% write down from AIB. yippee
Maybe they all played GAA.
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Not necessarily. Write downs are common enough for individuals of high wealth regardless of sporting prowess.
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Don't youse all remember Mr Haughey's little contribution. If you owe the banks €1,000, it's your problem. If you owe the banks €1,000,000, it's their problem.
If you're a high net worth individual, a lot of your wealth might be tied up in illiquid assets like pensions, stocks and shares. Could be expensive and drawn out to get at that money. Might be easier for the banks to take half or 1/3 of the debt in cash and take the problem off the balance sheet.
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I Know a guy who is now the head of the risk management dept.in a Multinational bank. During the boom times he would not pass a loan unless you didnt need it. He proved that if you dont play the game,you cant loose?? rofl
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Don't youse all remember Mr Haughey's little contribution. If you owe the banks €1,000, it's your problem. If you owe the banks €1,000,000, it's their problem.
If you're a high net worth individual, a lot of your wealth might be tied up in illiquid assets like pensions, stocks and shares. Could be expensive and drawn out to get at that money. Might be easier for the banks to take half or 1/3 of the debt in cash and take the problem off the balance sheet.
He told the head of the bank "You'll find me a Formidable Foe"!! 8)
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Closer to 0.5% than 33 or 50%, Watty.
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Closer to 0.5% than 33 or 50%, Watty.
+1.
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=1.5
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Closer to 0.5% than 33 or 50%, Watty.
Could be the new Personal Insolvency Arrangements thingy... Maybe the bank got more money @ 0.5% than if they made the guy bankrupt? And they're rid of the guy quickly with a PIA v. bankruptcy?
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Is that what the esteemed lying cunt Carey done?
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I have no idea who the "well known GAA star" is.
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I have no idea who the "well known GAA star" is.
His sister is Caítriona Carey, other than that I'm saying nothing...other than, UP THE CATS!! 8)
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How many well known GAA "stars" are there .. and how many of them employed a (subsequently) convicted fraudster as their personal/business manager / spokeswoman?
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How many well known GAA "stars" are there .. and how many of them employed a (subsequently) convicted fraudster as their personal/business manager / spokeswoman?
Before he got married to a multi-millionaire he said he felt like a Newman! 8)