Courts / Ireland / Report
Sean Quinn agrees to pay creditors €20K from any future earnings
Summary
In a High Court hearing on 12 January 2015, former billionaire Sean Quinn, aged 67, agreed to pay €20,000 to his creditors from any future earnings he may receive over the next two years after his bankruptcy discharge on 16 January. The court, presided over by Judge Caroline Costello, considered an offer from Quinn to pay €10,000 per year, but the court‑appointed official supervising his bankruptcy, Mr Chris Lehane, sought an order under section 85D of the Bankruptcy Act to direct Quinn to pay a sum from any future earnings. After discussions, Mr Lehane accepted Quinn's offer of €20,000. Quinn was not present at the brief hearing. The order would require Quinn to pay the specified amount from any future earnings to his creditors, while he remains entitled to discharge from bankruptcy.
Who, what, where, when and why
What: Report matter: Sean Quinn agrees to pay creditors €20K from any future earnings. Procedural stage: hearing_or_decision
When:
- Friday January 16 Hearing Or Sentence
- 2015-01-12 Publication
Places mentioned
- High Court
Topics
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