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Assets of company that went bust 20 years ago

  • 08-02-2007 11:02am
    #1
    mountainyman
    Closed Accounts Posts: 2,268 ✭✭✭


    Hypothetical ;) but PLEASE answer, this HYPOTHETICAL question is very important to me...

    20 years ago a company built a housing estate.
    Then the company went bust.
    It turns out that the common areas of the estate are 'unregistered'.
    a construction company turns up and blocks off part of this unregistered common area.

    what advice would you give?


    MM


Comments

  • #2
    Victor
    Registered Users, Registered Users 2 Posts: 78,577 ✭✭✭✭Victor


    Go to solicitor!

    I would go to the local council and complain of unauthorised development.

    In theory the assets sit with the Minister for Finance, but what you may find was the building company didn't own the land.


  • #3
    maidhc
    Registered Users, Registered Users 2 Posts: 7,722 ✭✭✭maidhc


    a) No such thing as "unregistered" land. It is going to be registered somewhere. if not in the Land registry office, it will be in the registry of deeds. Might be a bit of searching involved if it is in the latter.
    b) If the company owned the property when it went bust, the Minister for Finance owns the property. To deal with it the company will have to be reinstated, and this will require money and a solicitor and a High Court judge.
    c) Is there planning?
    d) Ring the construction company and try to find out what is going on and what are they up to.


  • #4
    Our man in Havana
    Closed Accounts Posts: 29,473 ✭✭✭✭Our man in Havana


    b) If the company owned the property when it went bust, the Minister for Finance owns the property. To deal with it the company will have to be reinstated, and this will require money and a solicitor and a High Court judge.

    Is there any way for the state to dispose of such property?


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