Sean Dunne declared bankrupt by the High Court
Published 29/07/2013 | 13:09
Developer Sean Dunne was today declared bankrupt by the High Court in Dublin.
Ulster Bank, supported by NAMA, had applied to court for the developer to be adjudicated bankrupt over a debt of €161million arising out of unpaid loans for property's in Dublin.
The court heard a petition for bankruptcy in Ireland had to be pinned to the front door of the Dunne home in Connecticut in the US this month after Mr Dunne's wife Gayle Killilea would not accept service of the papers for her husband.
A US Marshall had approached the Dunne home as Ms Killilea got in to an SUV, Ms Justice Elizabeth Dunne was told.
Ms Killilea said her husband was away for a few weeks before driving away. The Marshall then pinned the Irish bankruptcy petition to the front door.
Making the bankruptcy order, Ms Justice Dunne said it is open to Mr Dunne to apply to have the adjudication set aside at a future date.
At the start of today's hearing, Mr Dunne's name was called but there was not representation on his behalf.