Former Anglo files for US bankruptcy
on 27/08/2013 15:49:56
The Bloomberg news agency is reporting that the claim for Chapter 15 bankruptcy for the Irish Bank Resolution Corporation was lodged in Delaware yesterday.
The bankruptcy is part of the IBRC's liquidation under legislation passed by the Oireachtas in February.
Bloomberg said the process means IBRC is protected from any new legal cases in the United States while it's wound down in Ireland.