Saturday 27 May 2017

Priory Hall developer Thomas McFeely will contest an application to extend his bankruptcy, High Court hears

Priory Hall developer Thomas McFeely
Priory Hall developer Thomas McFeely

Aodhan O Faolain

Priory Hall developer Thomas McFeely will contest an application to extend his bankruptcy on grounds including alleged failure to disclose all his assets, the High Court has heard.

Mr McFeely (67) was adjudicated bankrupt in Ireland by the High Court in July 2012 and that bankruptcy is due to expire on July 30th next.

However the official administering the developer's bankruptcy, Mr Chris Lehane, claims the develop has not been cooperating and has applied to the court to extend the bankruptcy by an additional five years

The matter was briefly mention before Mr Justice Caroline Costello the High Court on Monday.

Edward Farrelly Bl, for Mr Lehane said his client wanted a order put in place preventing Mr McFeely's discharge from bankruptcy until the the application to extend the bankruptcy has been heard and determined.

Counsel said that particular order is being sought because it would not be possible to hear the motion before July 30th.

Lawyers for Mr McFeely told the court their client is contesting Mr Lehane's application and wants the matter heard as soon as possible.

Ms Justice Costello said she was satisfied to make an order preventing Mr McFeely from exiting bankruptcy until the motion is heard, and adjourned the matter to a date in October.

The Judge declined an application by Mr McFeely's lawyers to fix a hearing of the motion during August or September when the Court is in recess. The Judge said the matter was not so urgent that it required to be heard during the long vacation.

Previously the court was told Mr Lehane was seeking a five year extension over the alleged non co-operation of Mr McFeely with the bankruptcy and alleged failure to disclose assets. When adjudicating Mr McFeely bankrupt in July 2012, the High Court noted he has substantial debts here, including €200m in NAMA.

He was previously adjudicated bankrupt in England and Wales by a London court but that decision was rescinded after a woman owed €100,000 by companies of Mr McFeely brought proceedings here.

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