BoI demands solicitor made bankrupt here
SOLICITOR Brian O'Donnell and his wife Dr Mary Patricia should be adjudicated bankrupt by the Irish courts as their centre of main business interest is here and not England, the High Court has heard.
The court yesterday began hearing Bank of Ireland's petition to have the O'Donnells declared bankrupt.
The O'Donnells have opposed the application on grounds including that Ireland is not their main centre of interest.
In December 2011, BoI obtained a €71.57m judgment against the couple, arising out of their failure to repay loans. It was not satisfied. In March 2012 the couple applied for bankruptcy in England.
In turn, BoI initiated proceedings to have the couple adjudicated bankrupt here.
The hearing continues.