Tuesday 21 November 2017

Dunne's $17,000 bill from US builders' shop settled

Sean Dunne: US mansion
Sean Dunne: US mansion
Cormac McQuinn

Cormac McQuinn

A BILL for construction materials used on the Connecticut mansion where developer Sean Dunne is living has been settled, three months after a US hardware store took legal steps to secure payment.

US Land Records show that the bill for more than $17,000 (€13,000) has now been paid.

Builders' suppliers chain Ring's End had registered a mechanic's lien on the property in April.

Mr Dunne moved into the house, 22 Stillman Lane in Greenwich, just days before he filed for bankruptcy in the US at the end of March with debts of more than $942m (€730m).

The one-time "Baron of Ballsbridge" said he hoped to be debt-free in six months but has suffered a number of blows in his bid for a quickie US bankruptcy in recent weeks.

NAMA has formally objected to Mr Dunne's discharge from debt and he failed in an attempt to block another creditor, Ulster Bank, from pursing efforts to have him declared bankrupt in Ireland as well.

On Friday, bankruptcy trustee Richard Coan filed a motion asking the judge to hold Mr Dunne in contempt of court for allegedly failing to answer creditors' questions and failing to provide documents as ordered by the court.

Mr Dunne's Stillman Lane home is owned by Wahl LLC, a firm controlled by his wife, Gayle Killilea. Previously, the Irish Independent revealed that his wife planned $154,000 (€120,000) in improvements to the property, which has been valued at $2.2m (€1.6m).

The house is one of a number of US properties that NAMA claims was purchased with funds that were fraudulently transferred to Ms Killilea by her husband.

Mr Dunne has always rejected the allegations and denied any involvement in those property deals.

Ms Killilea did not respond to requests for comment.

Irish Independent

Promoted Links

Today's news headlines, directly to your inbox every morning.

Promoted Links

Editor's Choice

Also in Irish News