Courts / Dublin / Report
Bank of Scotland seeks to examine trustees of Victory Christian Fellowship over their assets
Summary
The High Court has reserved judgement on Bank of Scotland's application to examine the trustees of Victory Christian Fellowship over their assets. BOS and its receivers seek examination because the trustees allegedly failed to provide a statement of affairs and proposals to discharge the €18.7 million debt owed to the bank. The trustees, Brendan Hade, Sheila Hade and Gerry Byrne, oppose the claims, asserting that all church activities ceased after receivers took possession of the three premises in June 2013. BOS argues that activities have continued, citing meetings and services held at Dublin hotels and social‑media posts described as "phoenix‑like." The court has ordered that the trustees be orally examined regarding the debt and assets, and that they provide a statement of current and anticipated income and expenditure, as well as disclose the identities of third parties funding their litigation. The trustees are prepared to be examined on church assets but not on personal assets.
Who, what, where, when and why
What: Report matter: Bank of Scotland seeks to examine trustees of Victory Christian Fellowship over their assets. Procedural stage: hearing_or_decision
When:
- May 2013 Hearing Or Sentence
- June 2013 Other
- 2014-10-28 Publication
Why: BOS and receivers it appointed over certain properties of the church want the trustees examined because of the their alleged on-going failure to provide it with details including a statement of affairs regarding the church's assets and proposals to discharge the debt owed to the by the church of €18. CNI source report
Places mentioned
- Aodhan O'Faolain The High Court
- High Court
- Supreme Court
- Kilmacud House
- Kilmacud Road
- Firhouse Road
Topics
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