IBRC files bankruptcy petition in US

Irish Bank Resolution Corporation, formerly Anglo Irish Bank, has filed a Chapter 15 bankruptcy petition in Delaware yesterday to protect US holdings, listing more than $1bn (€747m) each in assets and debt.

IBRC files bankruptcy petition in US
Wed, 28 Aug, 2013 - 01:00
Phil Milford and Joe Brennan

The Government put the nationalised lender into liquidation in February under a plan to restructure its €34.7bn bailout.

The previous Fianna Fáil-led administration had given the bank through to 2020 to wind down.

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CourtsPlace: DelawarePlace: USPlace: IrelandPlace: WilmingtonPerson: Kieran WallacePerson: WallaceOrganisation: IBRCOrganisation: Irish Bank Resolution CorporationOrganisation: Anglo Irish BankOrganisation: Fianna FáilOrganisation: Anglo BostonOrganisation: Anglo Chicago CorpOrganisation: Anglo WashingtonOrganisation: Irish Nationwide Building SocietyOrganisation: US Bankruptcy CourtOrganisation: Bloomberg
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