The lawyer for Whelan, Brendan Grehan, said in 2008 the Quinn family had "handed over the keys of the shop" to the bank after it put its businesses up as security for further loans from Anglo Irish.
Further loans of hundreds of millions followed.
Globally, affordable off-grid solar products in developing countries are having two major effects in rural communities: 1) providing cheaper, cleaner sources of energy and 2) through the successful pay-as-you-go solar financing programs, creating credit score records that allow these communities to acquire further loans needed for economic improvement.
And money for further loans is short: the new Regional Growth Fund, for instance, is allocating £1.4bn over the next three years, but that figure is a third of the total invested by now-abolished regional development agencies.
Thus, church property would in effect pay off the national debt and obviate the need for further loans.
Since public debt was low, at 20% of GDP last year, and Venezuelan banks have ever-fewer private clients, there is some room for further loans.
The scheme gives gangsters access to easy financing; the car can be sold or fitted with new license plates so it can be used to apply for further loans, according to local news reports.
The airline now looks unlikely to secure a government guarantee for further loans; so it will almost certainly go into Chapter 11 bankruptcy instead.See article: United Airlines on the brink of bankruptcyUS Airways attempted to secure a federal-loan guarantee that will allow it to emerge from Chapter 11 next year.
Tens of thousands of demonstrators besieged the Greek parliament for a second day yesterday as MPs prepared to vote for pay cuts, tax increases, job losses and other changes demanded by international creditors in return for further loans to avert bankruptcy.
Landhurst's managing directors were found guilty of corruption and imprisoned, having accepted bribes for further loans to Middlebridge.
