A Decade-Old Real Estate Crisis Is Still Causing Chaos
- Opposition parties seek to block Permanent TSB portfolio sale
- Lenders face ECB pressure to reduce their bad loan levels
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For political activist Carly Bailey, the controversy in Ireland over so-called vulture funds hits rather too close to home.
Bailey, 37, is applying for bankruptcy as Cerberus Capital Management LP chases 56,000 euros ($69,000) in mortgage arrears after buying her loan from Royal Bank of Scotland Group Plc’s Ulster Bank unit. She also lost the house she built with her husband.