Debt-Recovery

Debt Recovery

At Corcoran & Company Solicitors we also specialise in providing a high quality and efficient debt recovery service. We provide practical and timely guidance at all stages of the debt recovery process to ensure that our clients achieve maximum recovery at a very competitive cost.

At Corcoran & Company Solicitors we are experienced at:

  • Issuing and preparing formal demand letters;
  • Issuing and serving claim notices, civil bills or High Court summonses (as appropriate);
  • Applications for judgment in default of appearance;
  • Running proceedings where a judgment is contested;
  • Registering judgments in the Register of Judgments and arranging for publication of the judgment;
  • Registering judgment mortgages in the Land Registry / Registry of Deeds (as appropriate);
  • Instructing sheriffs to seize and sell debtors assets;
  • Bankruptcy proceedings;
  • Liquidation proceedings;
  • Applying for Instalment and Committal Orders (as required); and
  • Examining debtors and related persons in relation to the whereabouts of assets.

RECENT CASES / DEVELOPMENTS

Update: June 2016

BANK LOAN DEFAULT  – JUDGMENT – ALLEDGED UNDUE INFLUENCE 


 In this case the plaintiff in was seeking judgment against the defendant for €135,980 on foot of two credit agreements. The plaintiff in the second proceedings was seeking damages against the bank and two senior bank officials and claimed that the second credit agreement was made because of alleged undue influence or duress exerted by bank officials who sought to conceal alleged wrongs in their dealings with two company accounts and that the bank failed to give any adequate notice of the freezing or closure of the accounts causing the plaintiff to lose his investment in both companies.

Held, defendant was a very experienced businessman involved in extensive property deals and investments throughout his career and was not under any duress or intimidatory behaviour by bank officials. The bank was entitled to recover the amount claimed. In the second set of proceedings it was held that there was no evidence that any misrepresentation or negligent misstatement was made by the bank to the plaintiff in respect of the second credit agreement. Judgment was granted to the bank and the counterclaim and damages claim in the second set of proceedings were dismissed.

For more information see: Bank of Ireland v Brendan Flynn; Flynn (Brendan) v Paul Murray, Michael Flynn, Bank of Ireland, Martin Callinan, Eugene Gallagher, Ian Brennan, William Fry Solicitors, Brian Murphy, Liam Lavelle

Phone: (01) 561 7900
12 Thorncastle Street, Ringsend, Dublin 4, D04 W2K2
info@corcoransolicitors.com