If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Taken in charge without a developer?

Lantus · 2011-10-20 14:28:15

We have just heard that the developer is going into receivership and be wound up. We have not ben taken in charge yet. The word is that the receivers have 'no interest' in anything like organising such things. Are they legally bound to do this or as they claim just deal with the sale of assets and other business mtters? On…

Options

20-10-2011 3:28pm

#1

Lantus

Registered Users Posts: 3,027 ✭✭✭

Join Date: August 2010

Posts: 2978

We have just heard that the developer is going into receivership and be wound up. We have not ben taken in charge yet. The word is that the receivers have 'no interest' in anything like organising such things.

Are they legally bound to do this or as they claim just deal with the sale of assets and other business mtters?

On an even worse note we dont have any bond because the local authority accepted a written 'promise to pay note' from the CIF. Sort of like an insurance policy. The CIF have confirmed that they have no intention of paying out a cent on this as it has expired.

Are the local coco now liable/responsible to pay for this?

help!!!

0

Comments

Options
#2 20-10-2011 6:14pm
focus_mad

Registered Users Posts: 738 ✭✭✭

Join Date: February 2009

Posts: 692

I presume something along the lines of this (depending on your county) has to be submitted. However unsure what happens if the developer packs it in..

0