Tralee creditors take to the streets

By FWi staff

CREDITORS of a collapsed Irish slaughter group are to demonstrate on Friday (19 October) outside the Bank of Ireland in Tralee, Co Kerry.

The planned protest is over the banks role in the downfall of Tralee Beef and Lamb.

The Irish Creamery Milk Suppliers Association complained that the Bank of Ireland, which handled Tralee Beef and Lambs account, had provided working finance secured on the companys debtors.

It is estimated that there are over 300 farmer creditors. The Irish Farmers Association is demanding full payment to all.

But, with company assets rumoured to be worth about Ir1.5 million, and with over Ir1m in loans outstanding, the chances look slim.