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27/03/2012
Lawyer Owing Bank Of Ireland €75m Declared Bankrupt in UK
High-profile Dublin solicitor Brian O’Donnell and his wife have been declared bankrupt at the High Court In London.
Mr and Mrs O’Donnell owed the Bank of Ireland (BoI) over €75m which they were ordered to repay last year. The BoI had successfully argued in the Commercial Court that the couple had breached the terms of a settlement agreement.
In a recent correspondence with the bank the O’Dnnell’s claimed that their centre of main interest was the UK. A claim strongly contested by Bank of Ireland.
A lawyer for the O'Donnells told the Commercial Court he had been informed they had applied to be made bankrupt in the High Court in London this morning and the London High Court had granted the bankruptcy orders.
The BoI expressed concerns about disparities between a statement of means furnished in March last year and one dated February this year.
Mr Justice Peter Kelly ordered Mr O'Donnell and his wife to come to court on April 17 to be cross-examined about their assets.
The court heard assets which the bank had been told last year were in the full ownership of Mr and Mrs O'Donnell were now said to be held in trust for one or more of the couple's four children, Blake, Bruce, Blaise and Alexander.
The judge said he was not impressed with the way the O'Donnells had dealt with the matter.
Mr and Mrs O’Donnell owed the Bank of Ireland (BoI) over €75m which they were ordered to repay last year. The BoI had successfully argued in the Commercial Court that the couple had breached the terms of a settlement agreement.
In a recent correspondence with the bank the O’Dnnell’s claimed that their centre of main interest was the UK. A claim strongly contested by Bank of Ireland.
A lawyer for the O'Donnells told the Commercial Court he had been informed they had applied to be made bankrupt in the High Court in London this morning and the London High Court had granted the bankruptcy orders.
The BoI expressed concerns about disparities between a statement of means furnished in March last year and one dated February this year.
Mr Justice Peter Kelly ordered Mr O'Donnell and his wife to come to court on April 17 to be cross-examined about their assets.
The court heard assets which the bank had been told last year were in the full ownership of Mr and Mrs O'Donnell were now said to be held in trust for one or more of the couple's four children, Blake, Bruce, Blaise and Alexander.
The judge said he was not impressed with the way the O'Donnells had dealt with the matter.
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