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#VINB Tue 9/4/2013: Nama's pursuit of its big debtors


Norman Bates

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Ciaran Hancock, Business affairs correspondent Irish Times Breaking News | Irish & International Headlines | The Irish Times
Dearbhail McDonald, Legal Editor Irish Independent https://twitter.com/DearbhailDibs
Ronald Quilan, Correspondent Irish Independent Ronald Quinlan: Property remains a puzzle as the public gives mixed signals - Independent.ie

The developer Seán Dunne filed for bankruptcy last Friday night. In his application he said he has assets of between a million and ten million dollars, but that he owes between €500m and a billion. Nama has been pursuing him in the civil courts over a debt of more than €150million.

The US bankruptcy process is faster than in Ireland. Debtors there can expect a discharge of their debts within one year or so. Seán Dunne said he hopes to be debt-free within six months.

Nama notified the US Bankruptcy Court that they are a creditor of the bust developer. In the first indication that Dunne's attempt to be cleared of his debts within months will be contested, the trustee in the case has told the court that he intends to take over the Nama claim "if it appears to have merit". Nama began pursuing Seán Dunne and his wife Gayle Killilea in the Connecticut Superior Court after it secured a €185m judgment against him in 2012. Nama’s lawyers pointed out to the Court that the agency is "a creditor and party-in-interest" in the bankruptcy proceedings and have asked that all notices and filings in the case be forwarded to them.

Tonight’s panel looks at Seán Dunne - the Baron of Ballsbridge - and his attempt to be declared bankrupt in the US and Nama's pursuit of its big debtors. Could be an interesting show …

Some unknown politician with Gayle Killilea and property developer Seán Dunne.

Seán Dunne (businessman) - Wikipedia, the free encyclopedia
Lawyers for NAMA file papers in Dunne bankruptcy - Independent.ie
Sean Dunne bankruptcy in contrast with position of small borrowers - Financial Services News | Business News | The Irish Times - Wed, Apr 03, 2013
Sean Dunne declared bankrupt - in America | BreakingNews.ie
Sean Dunne could be free of bankruptcy in six months - Feck TV


http://www.politics.ie/forum/economy/208680-sean-dunnes-bankruptcy-surely-our-government-will-take-action.html
http://www.politics.ie/forum/current-affairs/42233-snobs-blame-ballsbridge-development-failure-sean-dunne.html
http://www.politics.ie/forum/economy/98295-dunner-planning-row.html
http://www.politics.ie/forum/current-affairs/41740-32-storey-ballsbridge-tower-refused.html

Paper preview:
Nicola Cooke, Industry Correspondent Sunday Business Post https://twitter.com/nicola_cooke
Stephen O‘Leary, O'Leary Analytics https://twitter.com/stephenoleary

Online: Aertv | Watch Irish TV live online Or tv3 catch-up through: Catch-up TV, Entertainment, News, Sport, Soaps and all your favourite Irish and International shows from TV3
 
Last edited:

drummed

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Dunnes favourite hobby is suing people. This might actually be good for once.
 

southwestkerry

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How long did Norm spend looking for a pic with Berty and those two in it! Just wondering.
swk
 

Dublin 4

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Thanks Norm.

Wouldn't mind eating a bit of Cookeie petunia
 

Moneygod

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Nama are in for a terrible drubbing in the states with these two. As much as it may leave a distaste in the mouths of many a blood thirsty Irishman the courts won't allow such emotion interfere with constitutional and natural justice. We'll see do any of the "correspondents" predict an accurate result.
 

Expose the lot of them

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Nama are in for a terrible drubbing in the states with these two. As much as it may leave a distaste in the mouths of many a blood thirsty Irishman the courts won't allow such emotion interfere with constitutional and natural justice. We'll see do any of the "correspondents" predict an accurate result.
White trash like Dunner and his ilk will find that the U.S. courts take a very dim view of those who are economical with the truth in bankruptcy proceedings.
 

Moneygod

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White trash like Dunner and his ilk will find that the U.S. courts take a very dim view of those who are economical with the truth in bankruptcy proceedings.
Don't you think he is prepared for that? Are you aware of fraudulent activity? Ha ha they haven't a hope and will blow a fortune trying to make a point:shock::shock:
 

constitutionus

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now this is more like it !

gonna hit the bed early tonight so prob wont be posting, but will be watching this and may throw in the odd post on the mobile.

:D
 

Ribeye

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Speak up Claire,

:)
 

The Owl

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Will Dunne's cocaine bust in the States in the past and his hotel room fracas with a ... companion have any bearing on his "I'm an innocent businessman wot went bust" case to the bankruptsy courts? Do criminal records come up in such cases in the States?
 

Ribeye

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BREAKING - Irish banks may have been reckless!!!!
 

Ribeye

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The ESRI??????

Lol:)
 
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