Rights, Freedoms and Repression
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Anti-Empire
The SakerA bird's eye view of the vineyard
Public InquiryInterested in maladministration. Estd. 2005
Voltaire NetworkVoltaire, international edition
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COMI the Judge says is Ireland irrespective of investments overseas![]() ![]() ![]() ![]() 'Property high-fliers declared bankrupt over debt of £71 million' Irish Independent 5 years into this economic recession, at last the legal profession may be finally drawing a definitive line in the sand, in other words a precedent, that will stop the strategic defaulters playing games with the banks and debtors to whom they owe money, and make them face up to their responsibilities in Ireland, rather than shirking their responsibilities to meet their debts in their own country where they have lived so lavishly during the 'good times'. These Mr and Mrs Bankrupts like the Mr and Mrs Tax Exiles need to step up to the plate. Honour is called for not cowardice. Up to now in the absence of the Insolvency legislation, there may have been some justification but not now. A solicitor and a psychiatrist, are declared bankrupt over a debt of 71 m euros. They sought to say that their centre of main interest was not in Ireland, when evidence of their vast demesne on the Vico Road, Killiney revealed quite the opposite. The Bank of Ireland applied to have them declared bankrupt; the O'Donnells had failed to satisfy a judgment against them for £71.57 million in loans from the Bank of Ireland. |
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