independent

Saturday 30 August 2014

Former Wexford hurler faces arrest on return from North

Published 03/06/2014 | 05:42

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ALL-IRELAND winning Wexford hurler Paul Codd faces arrest when he returns from the North over his on-going refusal to cooperate with his bankruptcy.

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An arrest warrant was issued by Mr Justice Brian McGovern at the High Court last week after the court was informed Mr Codd had not complied with undertakings to meet with the court appointed official in charge of his bankruptcy, the official assignee Chris Lehane.

The judge was informed that gardai have not been able to execute the warrant because Mr Codd now lives in the North.

Gardai had spoken to him by phone, and said they would execute the warrant as soon as Mr Codd returns to the jurisdiction.

Mr Codd gave undertakings to the court after he was jailed last December for his non-compliance with the bankruptcy process.

Two days before Christmas, he secured his release from Mountjoy Prison after providing a statement of affairs to the official assignee and promising to co-operate.

He subsequently claimed he was coerced into giving undertakings to the court to cooperate with his bankruptcy in a bid to avoid spending Christmas in prison.

In January, he gave sworn undertakings before the High Court to co-operate with Mr Lehane and also undertook to return several items of machinery which had been leased to Mr Codd's now dissolved company Paul Codd Ltd.

However, he failed to meet with Mr Lehane, who asked the court for his committal to prison, and also did not return items of machinery leased by Friends First Finance, and Deutsche Leasing Ireland.

Lawyers for Deutsche Leasing told the court today they had learned from gardai he is living in Northern Ireland.

The judge adjourned the matter pending the execution of the warrant.

In 2013 Mr Codd, of Askinfarney, Clonroche, was adjudicated bankrupt arising from his failure to satisfy a judgment secured against him in 2011 for €530,000.

The application in March to have him declared bankrupt arose out of a sale by David Deasey, a dairy farmer from Timoleague, Co Cork.

He sold Mr Codd 46 acres of land at Askinfarney for about €800,000 and, while a deposit of €40,000 was paid, Mr Codd had not completed the sale.

Mr Codd's debts, combined with those of his company, are estimated to be €4.9 million.

Wexford People

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