- Aug 27, 2009
RTÉ News: Sean FitzPatrick is declared bankrupt
Stuck with this around his neck for the next 12 years or so.Former chairman of Anglo Irish Bank Sean FitzPatrick has been declared bankrupt by the High Court.
In a brief hearing, lawyers for Mr FitzPatrick told the court he was 'bowing to the inevitable' after he failed to get the support of Anglo Irish Bank for a private deal with his creditors.
Mr FitzPatrick's assets and debts are now under the control of the official assignee, Chris Lehane, a court appointed official under the bankruptcy legislation.