Posted on January - 08 - 2012
Quinn can’t file for bankruptcy in North
A Belfast judge ruled today that businessman Seán Quinn was not entitled to file for bankruptcy in Northern Ireland.
This follows a legal challenge by Irish Bank Resolution Corporation, the former Anglo Irish Bank, which claimed he should be declared bankrupt in the Republic, where it is seeking to recover billions in debt from the businessman.
The bank had argued that the 65-year-old’s “centre of main interest” is south of the border.
Mr Justice Donal Deeny, sitting in the High Court in Belfast, ruled in favour of the bank.
When he successfully sought bankruptcy status from the Belfast court in November Mr Quinn claimed that he was operating from an office in Co Fermanagh.