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

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    Politics.ie Member Norman Bates's Avatar
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    Default #VINB Tue 9/4/2013: Nama's pursuit of its big debtors


    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...ke-action.html
    http://www.politics.ie/forum/current...ean-dunne.html
    http://www.politics.ie/forum/economy...nning-row.html
    http://www.politics.ie/forum/current...r-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 by Norman Bates; 9th April 2013 at 09:32 PM.

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    Politics.ie Member drummed's Avatar
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    Dunnes favourite hobby is suing people. This might actually be good for once.
    Сохранить Украины

  3. #3

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    your in early tonight Norm
    i owe my allegiance only to the working class

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    Politics.ie Member Norman Bates's Avatar
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    Quote Originally Posted by off with their heads View Post
    your in early tonight Norm
    I'm buzzing off now to have something to eat ... ... back for the show.

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    Politics.ie Member southwestkerry's Avatar
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    How long did Norm spend looking for a pic with Berty and those two in it! Just wondering.
    swk
    A ship at harbour is safe but that is not what ships were built for.

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    Politics.ie Member Dublin 4's Avatar
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    Thanks Norm.

    Wouldn't mind eating a bit of Cookeie petunia

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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.

  8. #8

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    Quote Originally Posted by Moneygod View Post
    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.

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    Quote Originally Posted by Expose the lot of them View Post
    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

  10. #10
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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.


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