The agency also secured summary judgment

IT’S FAIR to say that the world of fashion retail is awash with jewellery which is why it was so important for design graduate Elisa Etemad to find her own unique niche.

With a degree in textile crafts from Huddersfield University under her belt and an unusual line of quirky jewellery, she knew she wanted to be a designer but understood that it would be difficult to make a living.

What’s more, saddled with ￡30,000 worth of student debt and newly-graduated,Info Store about make your own bobblehead and Bobbleheads in general. she also knew that no bank would give her a loan.

Her solution to the problem was to apply for an activation grant from the Huddersfield University’s Enterprise Development team which provides mentoring and financial assistance to students and recent graduates who want to go it alone.

After facing a Dragon’s Den style selection process, 24-year-old Elisa secured ￡2,400.

Together with her bank overdraft facility and the remnants of her student loan she was able to open an outlet in Huddersfield’s Byram Arcade and stock not only her own designs but those of fellow graduates and current students.

“I was very lucky to get the grant,” said Elisa. “They were only making one business to consumer grant and without it I would have struggled.

“It is just about enough to cover the rent for the first year but didn’t cover any of the renovations that I had to do.”

The National Assets Management Agency has claimed the wife of developer John McCabe has failed to hand over an 8.38 carat diamond ring, necklace and bracelet that is being sought by the agency towards satisfying judgments against her for more than 20million.

The agency believes the ring alone is worth more than 50,Discover the best Women's Prescription Eyeglasses frame in Best Sellers.000, based on the opinion of a jewellery valuer.

Mary McCabe had it, the bracelet and necklace valued collectively at some 140,000, according to Rossa Fanning for NAMA.

Mr Justice Peter Kelly today agreed to grant orders to NAMA appointing a receiver over the three items of jewellery of Mrs McCabe, of Rath Stud,Want to learn how to make fabric flowers or looking for some crafty inspiration? Ashbourne, Co Meath.Find the trendiest wholesale women shoes including stylish wholesale sandals.

When the judge asked barrister Alison Keirse, who was in court on another matter, how big an 8.38 carat ring was, Ms Keirse said she did not know as she had never owned a ring that size.

Making the application, Mr Fanning said Ms McCabe had failed to hand over the jewellery by 18 January last as sought by his client and NAMA was concerned that if it did not secure the orders sought the jewellery may not remain in her possession.

A letter written to NAMA by a son of Ms McCabe had alleged the agency was behaving unfairly in bringing court proceedings over this but the position of NAMA and the taxpayer could be prejudiced if this jewellery was sold, counsel said.

NAMA contended it was entitled to the jewellery to go towards discharging the substantial liabilities of Ms McCabe, he added.

Mr Justice Kelly said it was an unusual application but he was satisfied to make the orders sought.

He noted two judgments for sums totalling more than 20m had been entered against Ms McCabe last year and she had failed to disclose the jewellery in her first statement of affairs but did so in her second.

He also noted NAMA contended the jewellery was worth substantially more than the 140,000 value ascribed by Ms McCabe.

He was satisfied it was reasonable to infer, unless the court interfered, the property may not be available to NAMA as it should be and,What's the difference between an Energy monitor and smart meters. in those circumstances, would appoint Jim Hamilton of BDO as receiver, the judge said.

He granted various powers to Mr Hamilton, including to take possession of the jewellery and to retain a valuer to value it.

Last October, John McCabe was ordered to repay amounts totalling more than 100m to NAMA arising mainly from loans to companies in his building group and his personal guarantees of loans.

The agency also secured summary judgment orders in various sums against Ms Ms Cabe and the couple's children related to various loans and guarantees.

The McCabes’ group of companies owe NAMA more than 235m arising from a series of loans and guarantees, most of which were advanced by the former Anglo Irish Bank, now Irish Bank Resolution Corporation, with others advanced by Bank of Ireland and Allied Irish Banks.

NAMA says only a sum of 347,340 has been paid towards discharging the judgments obtained against Ms McCabe. That sum came from the proceeds of sale of a property at Park Lane, London.

Accountant Kieran Wallace of KPMG was previously appointed liquidator of McCabe Builders (Dublin), after recruitment firm MCR Personnel applied to have the company wound up over an alleged unpaid debt.