Monday 23 October 2017

McFeely repossession challenge to be heard in November

A CHALLENGE by bankrupt developer Tom McFeely to the repossession by NAMA of his family home on Dublin's Ailesbury Road will be heard in the High Court on November 19.

Last August, the High Court ordered the repossession of the €10m house.

Last week, Mr McFeely, whose company developed the now evacuated Priory Hall apartment complex in Dublin, claimed that he and his family are now "on the side of the street."

NAMA obtained the repossession order after he defaulted on a €9.5m mortgage on his Dublin home.

Today, the case was was mentioned before a High Court registrar who was told Mr McFeely's lawyer, James Salafia SC, was still representing him.

Last week, he told the court himself that he had to discharge his legal team for financial reasons.

A solicitor for Mr McFeely told the registrar Mr Salafia would not however be available to deal with the case within the next three weeks and sought a date after that.

The registrar, who said she had been told last week by Mr McFeely that the matter was urgent, said the only alternative date was next February.

Counsel for NAMA said they wanted an early date because there had been considerable delays in this matter and further delay prevents the property from being sold. Mr McFeely had already been through the courts on a number of occasions with a "completely unmeritorious" case, counsel said.

The court registrar set November 19 for the hearing.

Mr McFeely's company developed the Priory Hall complex in Donaghmede which was evacuated of its residents last year by order of the High Court due to fire safety concerns.

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