High Court to rule on Dunne bankruptcy

The High Court is to rule today on an action by property developer Sean Dunne who wants his bankruptcy in Ireland overturned.

The Carlow-born businessman says he has not lived here since 2007.

When Mr Dunne was declared bankrupt by the Irish courts last July, he was already a bankrupt in the United States, where he is now living.

A court trustee there ruled parallel proceedings would benefit Mr Dunne’s creditors because most of his properties are in Ireland.

The property developer claims to have debts of around €1bn and assets of €55m.

However, he is now trying to overturn the Irish bankruptcy with his lawyers arguing that he has not lived here since 2007 and that he was not present when the order was made.

Mr Justice Brian McGovern is to rule on the challenge this morning.

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