Board index » The IRISH PROPERTY BUBBLE » The Republic of Property

Post new topic Reply to topic  [ 1068 posts ]  [Go to page]   Previous  1 ... 103, 104, 105, 106, 107
Author Message
 Post subject: Re: Brian O'Donnell - NAMA panel - BofI legal
PostPosted: Sun Apr 15, 2018 8:17 pm 
Offline
Property Magnate

Joined: Oct 23, 2011
Posts: 669
ps200306 wrote:
The Sunday Business Post online digest has this tantalising snippet: "The saga of Gorse Hill: How the Gorse Hill O’Donnells bounced back, debt-free and back into business...". Anyone with a subscription care to tell us the gist of the article? :D


Not much in it to be honest - vast majority is rehashing the story of the battle with BOI. A few paragraphs at the end to say they bought the house above in Killiney and are back in business.


Top
 Profile  
 
 Post subject: Re: Brian O'Donnell - NAMA panel - BofI legal
PostPosted: Mon Apr 16, 2018 6:47 pm 
Offline
Under CAB Investigation

Joined: Oct 19, 2010
Posts: 2680
Location: Dublin SE
I always find it amazing how these bankrupts seem to bounce back so quickly at the end of the bankruptcy period.

It’s almost as if they retained control of a large sum of money/assets but kept it hidden/beyond reach while the rest of us pick up the tab.

_________________
"Perfect is the enemy of the good"
Voltaire (1694 - 1778)


Top
 Profile  
 
 Post subject: Re: Brian O'Donnell - NAMA panel - BofI legal
PostPosted: Mon Apr 16, 2018 10:05 pm 
Offline
Of Systemic Importance

Joined: Jun 9, 2008
Posts: 7098
Brian O'Donnell has a shit reputation and I can't imagine any funders dealing with him or his family. When he went out on his own the other big legal firms scoffed at him in relation to providing M&A advice as he simply did not have the number of people required to deal with a big transaction. He was a big leveraged property play and a small legal firm. He was described to me as "wishy washy" in relation to a property purchase. I will wait until the guy dies before posting anything more. Such is the lack of the first amendment here.

_________________
“Don't ask the barber if you need a haircut—and don’t ask an academic if what he does is relevant.” Nassim Nicholas Taleb


Top
 Profile  
 
 Post subject: Re: Brian O'Donnell - NAMA panel - BofI legal
PostPosted: Tue Apr 17, 2018 8:15 am 
Offline
Neo Landlord

Joined: May 21, 2017
Posts: 214
Terra Incognita wrote:
I always find it amazing how these bankrupts seem to bounce back so quickly at the end of the bankruptcy period.


This family's case is emblematic of our crisis which saw the effective abolition of personal responsibility for business debt, regardless of corporate structure or personal guarantees. Despite the enormous losses suffered by their lenders (ultimately by all of us), this family will soon find willing lenders for their future projects.

Don't confuse this with lending to mere mortals. Keep saving for that deposit and try not to think about them buying a mansion straight out of bankruptcy.


Top
 Profile  
 
 Post subject: Re: Brian O'Donnell - NAMA panel - BofI legal
PostPosted: Tue Apr 17, 2018 11:24 am 
Offline
Speculator

Joined: Aug 30, 2015
Posts: 464
Lefournier3 wrote:
Terra Incognita wrote:
I always find it amazing how these bankrupts seem to bounce back so quickly at the end of the bankruptcy period.


This family's case is emblematic of our crisis which saw the effective abolition of personal responsibility for business debt, regardless of corporate structure or personal guarantees. Despite the enormous losses suffered by their lenders (ultimately by all of us), this family will soon find willing lenders for their future projects.

Don't confuse this with lending to mere mortals. Keep saving for that deposit and try not to think about them buying a mansion straight out of bankruptcy.


Totally agree with this.

What I find surprising is that banks seem constantly willing to lend anew to certain serial defaulters who see business after business fold. Or even that banks seem willing to fund the setup of new retail businesses in a location that has seen multiple retail businesses fail to succeed. Meanwhile it can be difficult for sound businesses to even get their overdraft increased by these same banks to fund expansion or slower payments. You would have to wonder at how banks measure risk or don't seem to measure it at all in some situations.


Top
 Profile  
 
 Post subject: Re: Brian O'Donnell - NAMA panel - BofI legal
PostPosted: Tue Apr 17, 2018 11:37 am 
Offline
Back Home with Mammy

Joined: Oct 11, 2017
Posts: 58
Terra Incognita wrote:
I always find it amazing how these bankrupts seem to bounce back so quickly at the end of the bankruptcy period.

It’s almost as if they retained control of a large sum of money/assets but kept it hidden/beyond reach while the rest of us pick up the tab.

Let's hope "the authorities" are thinking exactly this.


Top
 Profile  
 
 Post subject: Re: Brian O'Donnell - NAMA panel - BofI legal
PostPosted: Tue Apr 17, 2018 1:18 pm 
Offline
Of Systemic Importance

Joined: Nov 4, 2011
Posts: 6049
Location: SthDub
Salamander wrote:
Terra Incognita wrote:
I always find it amazing how these bankrupts seem to bounce back so quickly at the end of the bankruptcy period.

It’s almost as if they retained control of a large sum of money/assets but kept it hidden/beyond reach while the rest of us pick up the tab.

Let's hope "the authorities" are thinking exactly this.

This is Ireland :lol:
Abandon all hope and just keep paying your taxes


Top
 Profile  
 
 Post subject: Re: Brian O'Donnell - NAMA panel - BofI legal
PostPosted: Fri Jan 11, 2019 11:39 am 
Offline
Nationalised
User avatar

Joined: Apr 1, 2010
Posts: 10875
The Irish Times wrote:
The son of property investors Patricia and Brian O’Donnell, who became embroiled in a €71 million row with Bank of Ireland over property loans and their Gorse Hill former home in Killiney, has set up a film production company that wants to revive the animated first World War pilot Biggles. The Sunday Business Post says Blake O’Donnell’s Blane Row Productions is in talks with the company that holds the rights to the character.

Inspired. Blake could play Biggles, the elder O'Donnell could do pompous Lord Bertie Lissie, Blaise as cousin Algernon Montgomery Lacey (sorry, no actual female parts in Biggles), Jerry Beades as the ever-helpful Flight Sergeant Smyth, Vincent Brown as Tug Carrington, and the Bank of Ireland as a corporate version of German intelligence officer Erich von Stalhein. :D

_________________
"Prediction is very difficult, especially about the future" – Niels Bohr


Top
 Profile  
 



Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 1068 posts ]  [Go to page]   Previous  1 ... 103, 104, 105, 106, 107

    Board index » The IRISH PROPERTY BUBBLE » The Republic of Property

Who is online

Users browsing this forum: No registered users and 6 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Jump to:  

Follow, Retweet @dailypinster



Pyramid Built, Is Better Built! - Latest Property Discussions www.thepropertypin.com