
You may find out one day that when you’ve had money and lost it, it is worse than never having had it at all. Darien Taylor to Bud Fox.
Independent.ie: “UP to 100 homebuyers who lost their deposits after a house-building company collapsed could recoup their money if they agree to buy another home from the developer.
In a strange twist, last night it emerged that people who lost their deposits for new homes in Dublin after Laragan Developments went into examinership could get back their money, but must commit to buying a property from the ill-fated company at half the original purchase price.”
Laragan Developments is part of the Roscommon-based Hanly Group, owned by Alan and Joseph Hanly. Last March it was placed into examinership after it emerged it had debts totalling €147m, including €1.5m owed to people who put deposits on the Dublin developments.