Priory Hall residents welcome quashing of McFeely bankruptcy status in UK16/06/2012 - 09:30:06
The residents of Priory Hall in Dublin have welcomed the decision by the High Court in London to overturn the bankruptcy status of developer Tom McFeeley.
It comes after lay litigant Theresa McGuinness brought the appeal after he was declared bankrupt in the UK in January.
Ms McGuinness started proceedings in December 2011 after Mr McFeely failed to pay a court award of over € 100,000 made in 2009 against his company, Coalport Ltd.
She claims Mr. McFeeley owes her €300,000.
Ms McGuinness argued that she had already begun proceedings against him in Ireland, when he filed for bankruptcy in the UK.
Mr McFeely has strongly argued against the bankruptcy proceeding in Ireland. It takes up to 12 years to be discharged as a bankrupt in Ireland opposed to one year in the UK.
Justice Proudman rescinded Mr McFeely's UK bankruptcy after it was discovered he failed to disclose the Irish bankruptcy proceedings when he filed papers with London's High Court.
The former IRA hunger striker developed the Priory Hall complex in Dublin, which was evacuated amid fire safety concerns last October.
Spokesperson for the residents Graham Usher said McFeeley should face the consequences in Ireland.
"I find it incredible...that Nama stood idly by and let this developer go off to the UK to declare bankruptcy," he said.
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