Tuesday 20 February 2018

Dunne set to face his creditors

Sean Dunne
Sean Dunne

Orlaith Farrell

BUST developer Sean Dunne will come face to face with his creditors for the first time in the US next week.

Dunne will now be quizzed in front of creditors after he withdrew an application yesterday to have the meeting postponed in a Connecticut court. Following two previous delays, the meeting will now go ahead in New Haven next Wednesday.

Mr Dunne wasn't in bankruptcy court in Connecticut yesterday to hear his legal team clash with the court-appointed trustee and creditors Ulster Bank and NAMA over the judge's decision last week to allow bankruptcy proceedings against the one time 'Baron of Ballsbridge' to go ahead in the US and Ireland.

Mr Dunne's lawyer James Berman told the court his client was "likely" to appeal the ruling and the judge gave Mr Dunne's legal team until Friday to apply for a stay on the order.

Lawyers for Ulster Bank raised concerns about any delays to the court order with Irish proceedings scheduled in Dublin on July 1. Plans for how the dual-bankruptcy is set to proceed are expected to be made at the High Court hearing next month.

Irish Independent

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