David Drumm blames advisors for bankruptcy refusal

Embattled former Anglo Irish Bank chief executive David Drumm has launched an appeal against a US court’s decision to deny him bankruptcy protection.

Mr Drumm, who owes creditors over €10m, says mistakes allegedly made by his advisors and representatives are behind the US bankruptcy court’s decision to refuse to discharge his debts, the majority of which are owed to the Irish Banking Resolution Corporation (IBRC) — formerly Anglo Irish Bank.

Earlier this year, the Boston court found IBRC had “established cause to deny [Mr Drumm] discharge many times over” with Judge Frank Bailey adding that Mr Drumm lied to the court and was deliberately evasive.