High Court reportersA Midlands-based antiques business has launched High Court proceedings aimed at preventing a financial fund-appointed receiver from selling the premises it has operated from for over 20 years. Mr Lynn is also a director of the company. Financial difficultiesIn a sworn statement to the court, Mr Lynn said while he has always tried to meet his financial commitments, he fell behind on loan repayments following a family bereavement in 2011 and due to the economic downturn. In 2016, Promontoria acquired his loans from Ulster Bank, and in 2017, Mr O’Brien was appointed receiver over the property. They also claim there was an attempt by the receiver in March to forcibly take possession of the property.

Source: The Herald November 22, 2023 18:29 UTC