Business Irish

Saturday 25 February 2017

BoSI attempts to recover €116,000 from rogue solicitor

Laura Noonan

Laura Noonan

BANK of Scotland (Ireland) (BoSI) has taken a fresh stab at recovering the €116,000 it is owed by disgraced solicitor Thomas Byrne, registering a judgment against him in recent days.

The registration is detailed in the latest edition of debt monitor 'Stubbs Gazette' and comes more than two years after IIB registered a judgment of more than €9m against the rogue solicitor.

Registering a judgment typically enables banks and other creditors to pursue enforcement actions against their defaulters, but the scope of those actions is limited by any outstanding registered judgments.

Mr Byrne's €9m IIB judgment has yet to be satisfied, while he has four smaller outstanding registered judgments listed against him.

A spokesman for BoSI declined to comment yesterday.

The 'Gazette' also shows that Davy investors' vehicle Ringsend Property Ltd has formally registered its bumper judgments against embattled developer Bernard McNamara and his company Donatex.

Judgments for €98.1m against Donatex and for €62.55m against Mr McNamara were registered on January 22, nine days after the summary order for those judgments was granted in the High Court.

Irish Independent

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