Progress in sale of Drumm home

A NUMBER of orders made by the High Court yesterday are expected to help clear the way for the sale of former Anglo Irish Bank chief executive David Drumm’s former family home in Malahide by the US official administering his bankruptcy.

Ms Justice Elizabeth Dunne made formal orders yesterday arising from her decision last week that the Irish courts will formally recognise the US bankruptcy proceedings and assist the US trustee, Kathleen Dwyer, in that bankruptcy.

On the application of Bernard Dunleavy, the judge made an order that Mr Drumm’s interest in his former family home at Abington, Malahide, valued at €1.2 million, is vested in the trustee. The judge also ordered a vesting certificate to be lodged with the Properties Registration Office.