Tuesday 25 October 2016

Court rules Drumm sister cannot be creditor

Published 12/09/2015 | 02:30

David Drumm: bankruptcy
David Drumm: bankruptcy

A sister of disgraced former Anglo Irish Bank chief executive David Drumm will not be allowed to receive proceeds from his bankruptcy estate, a court has ruled.

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Susan Drumm had been listed as a creditor after a €12,200 claim was made for work done on a house.

However, the claim has been disallowed by a bankruptcy judge in the US following an objection by the bankruptcy trustee handling the case.

The fugitive banker, who has refused to return to Ireland to face accounting and conspiracy charges, filed for bankruptcy in Massachusetts in October 2010 with debts of more than €10m.

He moved there in 2009 following his resignation.

He is currently appealing a decision to deny him a discharge from bankruptcy after a court found he had told "outright lies" about his financial affairs. However, bankruptcy trustee Kathleen Dwyer is seeking to move ahead with the dispersal of his assets.

As part of that process, she asked a court's permission in July to disallow a claim by Susan Drumm for $13,828 (€12,200). The claim related to work done on a house in Skerries, Co Dublin, owned by Mr Drumm and his wife Lorraine.

On Thursday, the court ruled that as Susan Drumm had not filed any response, Ms Dwyer's objection to the claim was sustained and the claim was being disallowed in its entirety.

Irish Independent

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