Courts / Wicklow / Report
Sean Fitzpatrick to exit bankruptcy next month
Summary
Seán FitzPatrick, former chairman of Anglo Irish Bank, will exit bankruptcy in June after the High Court adjudicated him bankrupt in 2010 with debts of €147m and assets under €47m. The new insolvency laws cut the maximum bankruptcy period from 12 to three years, allowing automatic discharge once the official assignee confirms full cooperation. Mr FitzPatrick, aged 65 and residing in Greystones, Co Wicklow, was not present when the court granted an order to pay €1.6 million to the Revenue Commissioners, a preferential creditor, on an interim basis. The payment was directed by the official assignee, Mr Chris Lehane. FitzPatrick's 2010 statement of affairs listed debts mainly to financial institutions, assets in Ireland, Spain, the UK, France, Hungary, South Africa and the US, and interests in Nigerian oil and gas and the Quinlan Property group. Revenue also claimed over €3 million owed, part of which was appealed.
Who, what, where, when and why
What: Report matter: Sean Fitzpatrick to exit bankruptcy next month. Procedural stage: hearing_or_decision
When:
- 2014-05-26 Publication
Places mentioned
Topics
Related court reports
- 'Alternative dispute resolution': man arranged 'straightener' during which dad-of-seven was stabbed to death
- Serial burglar jailed for stealing from restaurant lockers
- 'He's an adult and well able to take responsibility' - Judge gives man time to compensate ex for damage to property
- Domestic violence accused loses habeas corpus appeal
- Brothers attacked man in toilet cubicle after Tyson Fury match 'banter'
- Murder accused pleads guilty to violent disorder at playground
If a fact, identity, locality or legal outcome needs review, email the newsroom with this report's details prefilled.
Email a correction request