Sunday 17 December 2017

Developer Kelly has new €1m debt order

Dearbhail McDonald Legal Editor

DEVELOPER Paddy Kelly has been hit with a fresh debt order of almost €1m.

Mr Kelly, whose personal wealth was once valued at almost €2.7bn, was hit with the judgment by Ulster Bank.

The €990,000 debt was registered last Tuesday, just days before the non-NAMA lender unveiled details of almost 1,000 job cuts.

Mr Kelly, whose loans have been transferred to NAMA, has now had court judgments of more than €34m registered against him since 2009.

He was unavailable for comment last night.

Mr Kelly's latest judgment will appear in next week's edition of debt weekly Stubbs Gazette, which shows that the courts ordered debtors to repay debts of almost €10m during the first week of the new legal term.

The Ulster Bank judgment against Mr Kelly was the largest registered judgment.

The second largest sets of judgments were obtained by the country's credit unions, which secured debt orders of €670,000 against 25 customers.

Athlone Credit Union was awarded the highest value judgment, which was for €97,340 against Thomas and Anne Doyle of Scrine, Rahara, Co Roscommon; while Clones Credit Union pursued architects Owen Finnegan of 76, Highfield, Carrickmacross, Co Monaghan and Breen Jackson of Clonee, Drumcondrath Road, Carrickmacross, Co Monaghan, for unpaid debts of €92,427.

Lombard Ireland Limited secured a judgment against Liam Scott of 'The Hilltop', Culleens, Co Sligo, and Liam Scott Construction Limited (in liquidation) for €805,315.

A check on Stubbs Credit Bureau revealed a litany of previous registered and unregistered judgments against Liam Scott and his company, for unpaid debts beginning in 2007.

Irish Independent

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