Courts / Kildare / Report
AIB seeks summary judgement of €6m against widow
Summary
AIB has applied for a summary judgment of €6 million against Mrs Siobhan Smith, who, together with her late husband Frank Smith, is alleged to have acted as co‑guarantor for loans used to purchase the Ashleaf Shopping Centre and 33 acres of land at Callighstown, Rathcoole. The bank claims that the loans, amounting to €50 million, were secured by legal charges over the shopping centre, the adjoining Submarine Bar, the Rathcoole lands, and a 20‑year lease of 120 car‑parking spaces. In 2013 receivers were appointed over Gary Smith's assets, and AIB secured a €51 million judgment against him. AIB alleges that Frank Smith entered a settlement with the bank in 2015, which was not complied with, and that Mrs Smith, as executrix, has failed to propose a reasonable repayment plan or to administer her husband's estate.
Who, what, where, when and why
What: Report matter: AIB seeks summary judgement of €6m against widow. Charges or matters: guarantee of loans. Procedural stage: hearing_or_decision
When:
- December 2013 Other
- January 2018 Other
- 2018-02-26 Publication
Case subjects
Applicant
Charges: guarantee of loans (Alleged Or Contested)
Places mentioned
Topics
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