Sunday 17 November 2019

NAMA officers move in to take possession of McFeely's home

Officers from NAMA outside the home of Tom McFeely yesterday
Officers from NAMA outside the home of Tom McFeely yesterday
Tom McFeely
family members leaving the property
Deputy Dublin city sheriff James C Barry and court messenger Paul Gray (right) carry some of the family's personal possessions from the house.

Dearbhail McDonald Legal Editor

The usually sedate Dublin 4 suburb stirred into life yesterday when three dark-suited men from NAMA arrived to inspect the palatial former home of Priory Hall developer Tom McFeely after it was handed over to the bad bank.

Deputy Dublin city sheriff James C Barry moved in on the Ailesbury Road mansion yesterday -- weeks after NAMA repossessed the former IRA hunger striker's family home in court proceedings.

Mr McFeely was not present to see locksmiths change the code on the lock on the front gate of 2 Ailesbury Road, Dublin, formerly home to the German Ambassador to Ireland.

The property was seized after Mr McFeely, who is challenging the validity of his recent bankruptcy, defaulted on a €9.5m mortgage loan he and his wife Nina McFeely took out in 2005.

He separately owes the agency more than €200m from his activities as a developer.

At 2.15pm, he voluntarily surrendered the property to the sheriff -- and 15 minutes later it was handed over to NAMA.

Earlier this month, Mr McFeely successfully appealed a three-month jail term over fire safety standards at Priory Hall.

But he is now challenging his bankruptcy after failing twice to be declared bankrupt in the UK. If he wins, Mr McFeely's bankruptcy will be annulled or dismissed.

Mr McFeely's wife Nina and their two teenage children, Sorcha and Eamon, cleared the home of all their remaining personal items on Thursday.

Mrs McFeely secured a temporary stay on the seizure of the property earlier this year as her son was sitting his Leaving Certificate. However, Eamon (17) claims on his Facebook page that he studied "f**k all".

Challenge

Eamon McFeely attended St Michael's College on Ailesbury Road, while his sister Sorcha attended the Teresian School in Stillorgan.

Mr McFeely will claim in his bankruptcy challenge that Theresa McGuinness, the lay litigant who placed him into bankruptcy, did not comply with requirements under the 1988 Bankruptcy Act when she petitioned to have him out of business for up to 12 years.

Ms McGuinness, of Rush, Co Dublin, bought a house from Coalport -- the company that built Priory Hall -- in 2006. She was awarded €100,000 in damages in 2009 after the property was found to have serious structural faults.

Irish Independent

Editor's Choice

Also in Irish News