Courts

Friday 25 July 2014

Bankrupt All-Ireland hero Paul Codd living in the North, court told

Aodhan O'Faolain

Published 26/05/2014|17:49

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Former Wexford hurling captain Paul Codd
Former Wexford hurling captain Paul Codd

ALL-IRELAND winning Wexford hurler Paul Codd - who has a warrant out for his arrest due to his on-going refusal to cooperate with his bankruptcy – is now living in the North, a court has been told.

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The warrant was issued by Mr Justice Brian McGovern at the High Court after it was informed Mr Codd had not complied with undertakings to meet with the court appointed official in charge of his bankruptcy, the official assignee Chris Lehane.

The judge was informed today that gardai have not been able to execute the warrant because Mr Codd now lives in the North.

Mr Codd gave undertakings to the court after he was jailed last December for his non-compliance with the bankruptcy process. Two days before Christmas, he secured his release from Mountjoy Prison after providing a statement of affairs to the official assignee and promising to co-operate.

He subsequently claimed he was coerced into giving undertakings to the court to cooperate with his bankruptcy in a bid to avoid spending Christmas in prison.

In January, he gave sworn undertakings before the High Court to co-operate with Mr Lehane and also undertook to return several items of machinery which had been leased to Mr Codd's now dissolved company Paul Codd Ltd.

However, he failed to meet with Mr Lehane, who asked the court for his committal to prison, and also did not return  items of machinery leased by Friends First Finance, and Deutsche Leasing Ireland.

Lawyers for Deutsche Leasing told the court today they had learned from gardai he is living in Northern Ireland.

Gardai had also spoken to him by phone and said they would execute the warrant as soon as Mr Codd returns to the jurisdiction.

The judge adjourned the matter pending the execution of the warrant.

In 2013 Mr Codd, of Askinfarney, Clonroche, Co Wexford, was adjudicated bankrupt arising from his failure to satisfy a judgment secured against him in 2011 for €530,000.

The application in March to have him declared bankrupt arose out of a sale by David Deasey, a dairy farmer from Timoleague, Co Cork.

He sold Mr Codd 46 acres of land at Askinfarney for about €800,000 and, while a deposit of €40,000 was paid, Mr Codd had not completed the sale.

Mr Codd’s debts, combined with those of his company, are estimated to be €4.9 million.

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