If you have a new account but are having problems posting or verifying your account, please email us on [email protected] for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact [email protected]

How to do business....


  • Posts: 3,656 ✭✭✭ Grace Eager Tarp

    Matt Bruton (Kildare).............has to be related to John Bruton (former Taoiseach) also Kildare. Friends in high places and all that.

  • Registered Users Posts: 42,436 ✭✭✭✭SEPT 23 1989

    If you owe16k it’s your problem

    owe 16million and it’s the banks problem

  • Registered Users Posts: 68,317 ✭✭✭✭seamus

    Not sure what makes you think he has "friends in high places". He has no money, and the creditors mostly approved the write-off, cutting their losses as it were, because this guy was never going to even make a dent in that €18m before he died.

    Yes, this kind of write-off would be and absolutely has been given to "ordinary" people under the new insolvency process. Most people probably wouldn't have been able to convince banks to give them €18m in unsecured loans in the first place, but this level of craziness was not uncommon during the boom.

    Also gas how people automatically try for a political angle. As if "Bruton" is a rare name in Ireland. John Bruton has his own "Matt Bruton" in his family, and he wishes the worst thing his son had done was make some bad property deals.

  • Registered Users Posts: 1,220 ✭✭✭Oops!

    You've answered your own question there Seamus, how did he get it in the first place?..... I'm sure there's a few quid under the mattress.

  • Registered Users Posts: 5,178 ✭✭✭Jequ0n

    „The deal was voted for by the majority of creditors.“

    Nothing to see here

  • Advertisement
  • Moderators, Business & Finance Moderators, Motoring & Transport Moderators, Society & Culture Moderators Posts: 64,227 Mod ✭✭✭✭L1011

    John Bruton had a relation called Matt who ran an estate agent in Maynooth in the 90, don't know for certain if that is them. I also don't think it was a particularly close relationship.

    Rather hard to find info online as it's decades ago and also John's son Matt went to Maynooth University and was involved in right wing politics on campus so that fills up results!

  • Registered Users Posts: 68,317 ✭✭✭✭seamus

    He was an estate agent that moved into property consulting in the early 2000s. With a load of property and banking contacts back then, there was a lot of money sloshing around he could have grabbed onto.

    I think a lot of younger people these days don't understand just how little box-ticking you could get away with before the central bank rules formally came into place.

    With a couple of good architectural drawings and a meeting with someone in AIB HQ, someone could walk out again with a cheque for a couple of million euro before any ground had been broken.

  • Registered Users Posts: 13,505 ✭✭✭✭Mad_maxx

    John Bruton has a son named Mathew, don't think he's fifty two though?

  • Registered Users Posts: 11,044 ✭✭✭✭For Forks Sake

    That would be John Bruton of Dunboyne, Co Meath (not in Kildare).

    And clearly showing you didn't actually read the article, as if you had you would have seen this in relation to the other Mr. Bruton

    According to arrangement documents put before the court, Mr Bruton, from Sandymount in Dublin