Sunday 22 October 2017

Dunne could be first back in business under new rules

Donal O'Donovan

Donal O'Donovan

BUST property developer Sean Dunne (pictured) is likely to be one of the first Irish bankrupts to go through the new shorter version of what is still a very onerous insolvency process.

And even after their court victory in having the one-time Baron of Ballsbridge declared bankrupt, Ulster Bank and NAMA face an uphill task recovering the money they are owed.

The really big assets in Dunne's former property empire have already been taken over by NAMA, Ulster Bank and the other lenders.

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