16 March 2015
"Trojan Work being done by Donegal Company in Examinership"
From the Derry People Newspaper
Judge Keenan Johnson at Donegal Circuit Court on Thursday 16th October 2014 officially appointed Sean Carr as examiner of Milford Steel Company Henry McGinley & Sons Limited.
Judge Johnson noted the trojan work being done by all parties involved in the process and also that Sean Carr, Examiner had worked tirelessly in the matter. Eithne Reid O'Doherty BL instructed by Aine Murray of Lanigan Clarke Solicitors told the court that the process had provided the company with solidity and uncertainty during this process and that the company had received very strong support from the local community, creditors, suppliers and customers alike.
Judge Johnson said that this was a classic case of a company that was suitable for examinership and that it was important that this company had the opportunity to trade itself out of its difficulties.
This the first application for Examinership in Donegal as well as in the Northern Circuit.