Sale of Seanie's house approved
Published 31/05/2011 | 05:00
The house at Camaderry Road in Bray, Co Wicklow, owned by former Anglo Irish Bank chairman Sean FitzPatrick. COLLINS
THE High Court yesterday approved the sale of a house owned by bankrupt former Anglo Irish Bank chairman Sean FitzPatrick.
A court-appointed official charged with disposing of Mr FitzPatrick's assets was granted approval to finalise the sale of the property at Camaderry Road, Bray, Co Wicklow.
A reserve of about €300,000 had been out on the semi-detached house before it was auctioned. The price achieved at the auction was not disclosed in open court.
It was sold last week but required approval from the High Court, which was granted by Ms Justice Elizabeth Dunne.
In a statement of affairs previously submitted to the court as part of Mr FitzPatrick's bankruptcy proceedings, he admitted that he received a rental income from apartments at Smithfield Market, Dublin, and Killiney Court, Killiney, as well as the three-bedroomed house in Bray.
He is joint owner of his family home, another house in Greystones, and an apartment in Marbella, Spain.
In July 2010, the High Court officially declared Mr FitzPatrick bankrupt . He is estimated to have debts of €150m compared to assets of just €47m.