Tag Archives | Bankruptcy

Aventas: “These scandalous attacks orchestrated by a small group of criminals and their equally criminal sponsors…”

As the BBC reports, Lagan Cement Group has suffered damage of more than 1m euros (£820,000) in three separate attacks. The attacks followed the announcement that Lagan was buying, subject to approval, Rooftiles in County Fermanagh from the Aventas Group. The arson attacks at Lisburn, County Antrim, Comber, County Down, and Carrigtwohill, County Cork, are more…

“Sean Quinn didn’t invest in Anglo Irish Bank, he bet on it”

As the cost of the adminstration of Quinn Insurance mounts, and to the sound of u-turns from ill-advised supporters of the bankrupt Sean Quinn, BBC NI business editor, Jim Fitzpatrick, sets out the facts in the case of the former billionaire.  Here are a few key points Sean Quinn didn’t invest in Anglo Irish Bank, more…

Sean Quinn: “We felt it was the right thing to do and we still feel it was the right thing to have done…”

The jailing of his son and nephew was supposed to be “a practical way” of procuring compliance with the court orders to reverse the contempt of court in putting assets beyond the reach of the former Anglo-Irish Bank, now the state-owned Irish Bank Resolution Corporation (IBRC). Instead, the bankrupt Sean “I am not dishonest” Quinn snr has embarked more…

Sean Quinn son and nephew jailing “a practical way” of procuring compliance

Well, we’ll see.  Having been given three weeks to reverse their contempt of court in putting assets beyond the reach of the former Anglo-Irish Bank, now the state-owned Irish Bank Resolution Corporation (IBRC), the bankrupt Sean “I am not dishonest” Quinn snr, his son Sean, and his nephew Peter Darragh Quinn have failed to convince the court of their more…

Quinn Contempt Case: “The judge will look again on 20 July at their co-operation with the Irish Bank Resolution Corporation”

In Dublin High Court, Ms Justice Elizabeth Dunne has delayed the issue of what penalty to impose on bankrupt Sean “I am not dishonest” Quinn snr, his son Sean, and his nephew Peter Darragh Quinn, to give them the opportunity to reverse their contempt of court in putting assets beyond the reach of the former Anglo-Irish Bank, now more…

Sean Quinn: “I am not dishonest.”

Dublin High Court, however, disagrees, finding the bankrupt Sean Quinn snr, his son Sean Quinn, and his nephew Peter Darragh Quinn in contempt of court for putting assets beyond the reach of the former Anglo-Irish Bank, now the state-owned Irish Bank Resolution Corporation (IBRC).  From the BBC report In her ruling, Judge Elizabeth Dunne described Peter more…

“As a British citizen I have always objected to being forced into bankruptcy in a foreign jurisdiction…”

Sean Quinn isn’t the only high-profile individual to have a UK bankruptcy ruling annulled by the courts.  As the BBC report notes The British bankruptcy of Tom McFeely, an IRA hunger striker turned developer, has been annulled by a court in London. Mr McFeely had failed to disclose all relevant details in his application. He is more…

Sean Quinn Declared Bankrupt in Ireland

Having succeeded in having Sean Quinn’s bankruptcy status in the UK annulled, the Irish Bank Resolution Corporation (IBCR), formerly Anglo Irish Bank, today applied to have Mr Quinn declared bankrupt in Dublin High Court.  Mr Quinn did not oppose the application. On Friday evening there was another attack on Mr Quinn’s former business headquarters.  That occurred just more…

Belfast High Court Annuls Sean Quinn Bankruptcy

As the BBC reports, in the latest instalment of the continuing complicated legal battle between Sean Quinn and the Irish Bank Resolution Corporation (IBRC), formerly Anglo Irish Bank, Belfast High Court has ruled that Mr Quinn is not entitled to declare himself bankrupt in the UK.  He can, however, apply for bankruptcy in Ireland.  From the BBC report At the more…

Sean Quinn’s wife ordered to repay €3million loan

In the latest instalment of the continuing complicated legal battle between Sean Quinn and the Irish Bank Resolution Corporation (IBRC), formerly Anglo Irish Bank, Sean Quinn’s wife has been ordered to repay an over €3million loan which she had personally guaranteed. Patricia Quinn’s lawyers had argued that she had been ‘unduly influenced’ by her husband into signing the more…

IBRC: “Today’s Commercial Court judgment gives clear, unambiguous recognition to the legal obligations of Mr Quinn…”

Following last week’s order to repay loans of almost €417 million that Sean Quinn had personally guaranteed, today the Dublin Commercial Court added additional loans worth over €1.6 billion to the bill. The ruling was made at the Commerical Court in Dublin. The total involves 1.52bn euros, $589m and 13 billion Japanese yen. Mr Quinn did not attend more…

[Bankrupt] Sean Quinn ordered to repay €417 million

As noted on Monday, the Dublin Commercial Court ruling on on an application by the Irish Bank Resolution Corporation (IBRC) for the repayment of €2billion in loans which had been personally guaranteed by Sean Quinn was due today.  And RTÉ reports the outcome The amount Mr Quinn has been ordered to repay is the largest summary judgment more…

Sean Quinn’s statement of affairs to NI Court ‘appeared to be unsatisfactory’

That’s according to reported comments by lawyers for the Official Receiver in Northern Ireland who, following Sean Quinn’s application for UK bankruptcy, is currently in control of Quinn’s worldwide assets. The comments were made during a Dublin Commercial Court hearing on an application by the Irish Bank Resolution Corporation (IBRC) for the repayment of €2billion in loans which had more…

Irish Bank Resolution Corporation [formerly Anglo Irish Bank] to challenge Sean Quinn’s UK bankruptcy application

Interesting development in the continuing complicated legal battle between Sean Quinn, and family, and the artists formerly known as Anglo Irish Bank [now the Irish Bank Resolution Corporation (IBRC)]. On Friday Sean Quinn was declared bankrupt at the High Court in Belfast despite, as the BBC report puts it, “the majority of the 64-year-old’s holdings and debt more…

Court orders Independent TD to repay over €19m debt

Independent TD Mick Wallace has been ordered to repay ACC Bank €19,166,680 for personally guaranteed loan facilities made between 2004 and 2008 for his development company, M & J Wallace Ltd, which is in receivership.  As the RTÉ report notes The order for summary judgment means the bank can now take steps to recover the money. The more…