Court archive
Court reports mentioning Timoleague, Cork
2022-11-28 · Cork
The High Court has approved a Personal Insolvency Arrangement allowing a former property developer to write off approximately €170 million in debt. The 55-year-old developer, based in County Cork, established a property investment and development company roughly two decades ago, which accumulated significant liabilities following the 2008 economic downturn. Creditors including NAMA, Ulster Bank, Pepper Finance, Link Finance, and private individuals were owed substantial sums. Under the approved arrangement, the debtor will provide €80,000 to creditors, who will receive minimal returns on unsecured debts. Two properties located in Bundoran, County Donegal, and County Tipperary will be surrendered to secured creditors. The arrangement, which lasts twelve months, was supported by the clear majority of creditors at a meeting, with only one institution opposing it. Mr Justice Alexander Owens approved the arrangement, noting creditors will receive considerably better terms than if the debtor were declared bankrupt.
2015-07-16 · Wexford
Paul Codd, a former All-Ireland winning Wexford hurler, was committed to Mountjoy Prison by the High Court after refusing to answer questions about his assets during a bankruptcy examination. The judge deemed his refusal contempt of court. Codd had previously been arrested on a warrant issued in March 2014 for non‑compliance with bankruptcy undertakings. He had been released in December 2014 after giving a statement of affairs and promising cooperation, but later failed to comply with further undertakings, including returning leased farm machinery and disclosing bank accounts. The court noted concerns that Codd had transferred land, a prohibited act for a bankrupt. He was jailed until 27 July 2015 or until he purged his contempt, with the judge warning that further consequences would follow if he did not cooperate. The case stemmed from a 2011 judgment of €530,326 and a bankruptcy declared in March 2013. The article reports no subsequent verdict or sentencing beyond the High Court's committal.
2014-05-26 · Wexford
Paul Codd, a former All-Ireland winning Wexford hurler, has a warrant for his arrest due to his refusal to cooperate with his bankruptcy proceedings. The High Court judge was informed that the warrant could not be executed because Codd is currently residing in Northern Ireland, outside the jurisdiction. Codd had previously been jailed in December 2013 for alleged non‑compliance with the bankruptcy process and was released after providing a statement of affairs and promising to cooperate. He had given sworn undertakings in January to work with the court‑appointed official, Mr Chris Lehane, and to return leased machinery, but failed to meet with Lehane and did not return items leased by Friends First Finance and Deutsche Leasing Ireland. The court adjourned the matter pending the execution of the warrant once Codd returns to the jurisdiction.
2014-03-24 · Wexford
In March 2014, Judge Brian McGovern ordered the arrest of former Wexford hurler Paul Codd and his appearance before the High Court because he had not complied with bankruptcy undertakings. Codd had previously been jailed briefly in December 2013 for alleged non‑compliance, released after giving a statement of affairs and promising cooperation. He had sworn to cooperate in January 2014 and to return leased machinery, but failed to attend three scheduled meetings with the official assignee, Chris Lehane, and cancelled them via late‑night emails. Lehane claimed Codd was in contempt of court and sought a Section 23 order for arrest. Codd had also failed to return €500,000 of farm machinery leased by Deutsche Leasing Ireland. The case stems from a 2011 judgment of €530,326 that Codd could not satisfy, leading to his 2013 bankruptcy declaration and an estimated total debt of €4.9 million.