Company Closures.

Dáil Éireann Debate, Wednesday - 26 September 2007

Wednesday, 26 September 2007

Ceisteanna (456)

Phil Hogan

Ceist:

542 Deputy Phil Hogan asked the Minister for Enterprise, Trade and Employment if he will intervene with a financial institution (details supplied) to assist sub-contractors who are owed substantial moneys arising from the receivership at a development in County Kilkenny; and if he will make a statement on the matter. [20525/07]

Freagraí scríofa

Minister for Enterprise, Trade and Employment (Deputy Micheál Martin)

The issue raised by the Deputy is a matter for the parties concerned and I have no direct function in the matter. Receivers are appointed either pursuant to a debenture or by application to the High Court. I have no statutory power to intervene on behalf of creditors in either case.