Friday 9 December 2016

Sean Dunne wants to be free of bankruptcy 'shackles'

Published 18/10/2016 | 02:30

Bankrupt developer Sean Dunne
Bankrupt developer Sean Dunne

It is of paramount importance to Sean Dunne "to get free of the shackles of bankruptcy", lawyers for the developer have told the High Court.

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William Fawsitt, for Mr Dunne, said his client believed he was the "most co-operative bankrupt under scrutiny" and was very anxious for the hearing of an application to extend his Irish bankruptcy, which Mr Dunne opposes.

Counsel opposed an application by Official Assignee (OA) Chris Lehane, the official administering Mr Dunne's Irish bankruptcy, for an adjournment of the extension application to allow the OA to consider materials filed by Mr Dunne last week in opposing it.

Having heard both sides, Ms Justice Miriam O'Regan adjourned the matter to November 14.

Ulster Bank petitioned the High Court in February 2013 to have Mr Dunne adjudicated bankrupt here over default on some €164m loans.

The following month, Mr Dunne filed for bankruptcy in Connecticut in the US. In July 2013, he was adjudicated bankrupt here.

Mr Dunne's Irish bankruptcy, due to expire last July, was temporarily extended pending the outcome of the full hearing concerning whether any extension should be granted.

Irish Independent

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