Seán Quinn to pay €10,000 per year under bankruptcy ruling

The former billionaire Sean Quinn is to pay €10,000 per year for the next two years to the Official Assignee Chris Lehane, the bankruptcy court has ruled.

Former billionaire emerges from his period of bankruptcy this Friday.   Mr Lehane, whose office oversees the affairs of bankrupts, sought the order after reading media reports before Christmas that Mr Quinn might provide services to the new owners of the former Quinn Group construction materials business.Mr Quinn is due to emerge from his three-year period of bankruptcy this Friday.Under bankruptcy law an order may be sought by Mr Lehane’s office requiring a former bankrupt to make payments from his income or assets for the benefit of creditors, for a period of up to five years after he or she emerges from bankruptcy. The order must be sought prior to the bankrupt emerging from bankruptcy.

Read more here.

600450 Seán Quinn to pay €10,000 per year under bankruptcy ruling glassonweb.com
Date: 20 January 2015
Source: www.irishtimes.com

See more news about:

See more from these topics:

Others also read

As part of continuous product development, Metal Technology has released a new lug that has been designed to work with short leg outer frames.
Solar Innovations® Architectural Glazing Systems recently launched its new greenhouse planning website at Greenhouse.Planning.Solar.
Ian Ritchie to Keynote GPD Istanbul, 2018.
On January 19, 2018, Signing Ceremony for Coestablishment of Smart Technology School Between Triumph Group and New Jersey Institute of Technology was held in New Jersey Institute of Technology.
The final deadline for abstract submission for GPD China 2018 is 19 January, 2018.
FIT Show’s ‘Installation of the Year’ competition, which launched in 2017 with unprecedented success, is back for 2018. The hunt is now officially on to find the industry’s best glazed installations.

Add new comment