‘We won’t bankrupt you,’ NAMA tells developers who co-operate

The assurances come as an increasing number of developers in NAMA have moved to England and declared bankruptcy under that country’s relatively lax bankruptcy laws. A total of 65 NAMA debtors have declared bankruptcy in the UK or US. NAMA is worried that developers have little incentive to continue co-operating with the toxic loans agency … Continue reading ‘We won’t bankrupt you,’ NAMA tells developers who co-operate