Solicitor exits bankruptcy in court hearing
Retired solicitor Brian O'Donnell has formally exited bankruptcy.
Mr O'Donnell was formally discharged from bankruptcy at a sitting of the High Court yesterday.
Both Mr O'Donnell and his wife Mary Patricia, formally of Gorse Hill, Vico Road, Killiney, Co Dublin, but now living in the UK, were adjudicated bankrupt by the High Court in August of 2013.
That finding was confirmed by the Supreme Court in February 2015.
In July 2016 their bankruptcy was extended following an application by the official in charge of his bankruptcy, the Official Assignee (OA) in Bankruptcy Mr Chris Lehane, for alleged non co-operation. The O'Donnells had opposed the move and denied the allegations.
Ms Justice Costello was informed by barrister Eddie Farrelly for the Official Assignee that his client no longer wished to extend Mr O'Donnell's bankruptcy. He said Mr Lehane was satisfied that all outstanding and historical issues in relation to the bankruptcy had been addressed.
Mr O'Donnell was not at court for the brief hearing, but was represented by his solicitor and son Mr Blake O'Donnell. Mrs O'Donnell had exited bankruptcy in December 2016.
Bank of Ireland applied to have the couple declared bankrupt after they failed to satisfy a judgment for €71.57m obtained against them.
The judgment was obtained by BOI in December 2011 after they failed to repay loans advanced by the bank.