Commercial Court refuses to delay bank application to jail couple
on 24/09/2012 18:03:34
Bank of Ireland is chasing a judgment of more than €75m on investment property loans to the O'Donnells.
The bank alleges the couple, currently embroiled in UK bankruptcy proceedings, has fraudulently tried to put assets beyond its reach.
It is not clear whether the O'Donnells own the contents of the family home on the Vico Road in Dublin of if they are in a trust for their four adult children: Bruce, Blake, Blaise and Alexandra.
However, contempt of court proceedings also loom over the solicitor and his wife and the court today refused to set aside an application by the bank for their attachment and committal on October 2.
Bank of Ireland said that the aim of the contempt proceedings is to get the O'Donnells to give the court truthful answers and disclose relevant documents which they allege has not been done up until now.