Wednesday 7 December 2016

Martina Devlin: Taxpayer has to foot bill for 'bankruptcy tourism'

Published 19/01/2012 | 05:00

SO, Tom McFeely was strolling along a pavement in London and happened upon the legal quarter, where he thought: "Sure I might as well take the bull by the horns, as my dear old cattle dealer dad taught me, and file for bankruptcy while I'm here."

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Not that the developer was manipulating laws to his own ends. Nor was he intending to frustrate the Irish taxpayer, left with a bill for his wheeling and dealing, and eyeing up assets to offset some of it. It's simply a coincidence that creditors won't be able to pursue their claims against him so easily now.

And as for Mr McFeely shedding his hardline republican principles to treat with the traditional enemy -- business is business. Even a former Maze Prison hunger striker learns to accept that.

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