Former All-Ireland winning hurler Paul Codd freed from jail
Published 17/07/2015 | 19:20
Paul Codd, a former Wexford hurler and All-Ireland medal winner, has been freed from jail after undertaking to co-operate with the official administering his bankruptcy.
Mr Codd was jailed on Thursday over contempt of orders and undertakings to co-operate with official assignee Chris Lehane but returned to court on this evening seeking to purge his contempt.
Mr Lehane had sought the jailing order after saying Mr Codd had not co-operated or returned nine items of machinery leased by Friends First Finance or €460,000 worth of farm machinery leased by Deutsche Leasing Ireland.
Today, Mr Codd told Mr Lehane a number of the vehicles sought by leasing companies were stored in a shed at a relative's property. He said he had sold one vehicle, a trailer, for €6,000 but could not recall the precise details of the Northern Ireland purchaser.
Another vehicle was impounded due to an insurance certificate being out of date and he believed others which he had sent for repair to different premises in Co Wexford had been repossessed by Friends First Finance, he said.
Counsel for that company said his understanding was the company had not repossessed any of nine vehicles it has leased to Mr Codd but he needed to clarify the position.
After an adjournment arising from the information provided to the court, Mr Lehane said progress had been made on several matters and he was prepared to trust Mr Codd would co-operate. Mr Lehane also said he had previously wrongly said Mr Codd had transferred an asest when it appeared a bank receiver had done so.
Ms Justice Caroline Costello said, if there had been early and timely co-operation by Mr Codd, there may have been less confusion about matters. She added she accepted it was unlikely Mr Codd had sought to transfer property in breach of his status as a bankrupt.
Mr Lehane said there were also discussions between the leasing companies and Mr Codd concerning recovery of the assets.
Counsel for Deutsche Leasing said they did not have sufficient trust in Mr Codd that its leased assets would be secured. An agent would attend premises of Mr Codd's father tomorrow. His instructions were to seek that Mr Codd remain in jail until his side were in possession of the assets but, noting Mr Lehane's view, his side would alternatively seek undertakings of co-operation by Mr Codd with recovery and delivery up of the machinery.
The judge asked Mr Codd to provide undertakings not to remove any of the vehicles overnight and to facilitate their handover to agents of the elasing companies on Saturday and on Tuesday next. Mr Codd provided those and other undertakings and also agreed to attend court on Monday for a review of developments.
Mr Codd, of Askinfarney, Clonroche, Co Wexford, was adjudicated bankrupt at the High Court in March 2013 over failure to satisfy a judgment secured against him in 2011 for €530,000. The combined debts of himself and his company, Paul Codd Ltd, are estimated at €4.9m.