Dunne fails to halt parallel bankruptcy

Developer Sean Dunne failed to persuade the US bankruptcy judge to bar Ulster Bank Ireland Ltd from initiating a parallel bankruptcy in Ireland.

Saying he has resided in the US with his wife and children for more than three years, Dunne filed a Chapter 7 bankruptcy petition in Connecticut in March. The bankruptcy judge ruled in June that the bank could initiate a parallel bankruptcy against Dunne in Ireland. Dunne appealed.

While the appeal is pending, Dunne wanted the bankruptcy court to grant a stay pending appeal, so the bank would be precluded from beginning the Irish bankruptcy until the appeal is decided.