Vulture Funds Preying on Farm Families – IFA

Addressing the Joint Oireachtas Committee on Finance today, IFA President Joe Healy accused vulture funds of killing off farm businesses that have the potential to repay their debts over time and return to viability.    He said this short-term debt recovery approach is damaging as the repayment capacity of the business is not considered. This […]

IFA welcome removal of land in Co Meath from Online Auction Site

IFA has welcomed the decision by online auction house BidX1 to remove two parcels of land in Co Meath from their sales site.   These lands belonging to the McCann family are being forcibly sold by vulture fund Promontoria.   Last week, IFA placed signs on the lands objecting to their forced sale and said […]

IFA Opposes Land Sale In Co. Meath By Vulture Funds

The Irish Farmers Association is opposing the forced sale of lands in Co Meath by vulture fund Promontoria, which is trying to force a family to sell some of their land to settle debts.   The land is due to be sold by online auction in the coming weeks.  IFA Farm Business Chairman Martin Stapleton […]

IFA Ramps Up Campaign Against Forced Farm Sales By Vulture Funds

The Irish Farmers Association has announced a significant escalation in its campaign against vulture funds trying to force farm families to sell their farms to settle debts.   At a briefing in Dublin today (Wed), IFA President Joe Healy said IFA would oppose any forced sale of farms by vulture funds where the farmer is […]

AIB’s Profit Built On Sweat Of Taxpayers – Mattie McGrath

Independent TD Mattie McGrath has called on AIB and Bank of Ireland to offer greater assurances to distressed mortgage holders that they will not be abandoned to vulture funds as part of the bank’s efforts to address challenges within their loan book portfolios. Deputy McGrath was speaking as AIB reported profits of €1.6 billion while […]

Taoiseach telling families to calm down is an insulting reply to PTSB mortgage crisis – Mattie McGrath TD

Independent TD Mattie McGrath has called on the Taoiseach, Leo Varadkar, to provide significantly more robust guarantees for the protection of families that are likely to be affected by the Permanent TSB mortgage crisis. Deputy McGrath was speaking after the Taoiseach attempted during Leaders Questions to insist that concerns were being exaggerated around the possible […]

Seamus Healy TD calls for Strike to stop hundreds of evictions of Tipp Families facing Repossession

Seamus Healy TD: Yesterday’s statement by the Taoiseach confirms that this Government will persist with its disastrous housing policy. It is now obvious that a one-day general strike will be necessary to bring this Government to its senses. Listen Live To Seamus’ Dail Speech  https://youtu.be/UKRKNPEeIAA Tipperary homeowner says his ‘back is to wall’ as hundreds […]

Homeless Charities and Homeowner Advocacy Groups Unite to Halt Vulture Funds

  HALT AIB’S SALE OF IRISH HOMES….. So say a growing number of Advocacy Groups and Charitable Organisations who together, are calling on the Government, and all Political Parties, to demand that AIB, ULSTER BANK, PTSB, BOI and other bailed-out financial institutions, desist from facilitating the sale of any further Irish Homes to Vulture Funds. […]

IFA Launches Framework For Negotiations With Vulture Funds

IFA President Joe Healy today (Wed) announced the key principles the Association will apply in dealing with vulture funds in support of farmers with credit difficulties, as well as a strengthened farmer support network to deal with individual credit cases. The farm leader said that he wanted to send a strong and clear message that anybody […]

Rural Ireland must not become a carcass for US Vulture Funds

Independent TD Mattie McGrath has expressed his deep concern at reports that US based Cerberus Capital Management is set to ramp up repossessions of several hundred farms in rural Ireland. Deputy McGrath was speaking after the Irish Independent Farming Section broke the news that that as many as 200 farmers may be affected since the […]

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