Flood and Ryan face jail for contempt of court over €900,000 home dispute
Former Miss Ireland Pamela Flood and her husband, restaurateur Ronan Ryan, could be facing jail within the next 48 hours for breaching court orders relating to their home.
Barrister Rudi Neuman told Judge Jacqueline Linnane in the Circuit Civil Court that he would be asking her to set aside an insolvency protective order tomorrow which leaves Mr Ryan temporarily untouchable by creditors.
Mr Neuman said that, as an alternative, private equity fund Tanager would be seeking leave to execute a repossession order Judge Linnane made against the couple, with their approval, four months ago.
In the event of the court granting these reliefs tomorrow, her decision will be followed by an application for an order attaching and committing Mr Ryan and Ms Flood to prison for contempt of court.
The applications will be made to Judge Linnane in the presence of solicitors and counsel appearing for Mr Ryan and Ms Flood, who was joined to possession proceedings as a notice party following her marriage to Mr Ryan. The couple live in the €900,000 house at Mount Prospect Avenue, Clontarf, Dublin 3, with their three young children.
The couple owe a €1.2m mortgage debt on the property - which they consented to leave by July 9 at the latest.
Tanager told them it would accept the proceeds of a sale of the property and wipe out the remainder of their overall debt and allow them to vacate without having to pay a penny for legal costs.
Judge Linnane has been told the couple reneged on their get-out undertaking and, only three weeks before the July 9 deadline, Mr Ryan had gone to a personal insolvency practitioner who had brought an application for the insolvency protective certificate which protects him from his creditors for 70 days. Unless overturned, it has another 35 days to run.
Mr Neuman, who appeared with Yvonne O'Connell of Amoss Solicitors for Tanager, yesterday said Tanager had unsuccessfully made an application to Judge Verona Lambe to vacate her protection order.
The court heard last March that Mr Ryan and Ms Flood - who is personally not protected under the insolvency protective certificate - had failed to make any repayments of the mortgage debt for just short of 10 years, apart from a payment in February.
But Ms Flood last week told the 'Sunday Independent' that the couple had made five payments to Tanager since March this year.
Judge Linnane granted Tanager permission to serve the couple's legal team with short notice of its intention to seek the several reliefs it requires before the court tomorrow.