Wallace’s political career may be derailed

INDEPENDENT TD and property developer Mick Wallace has admitted his political career could be at risk after being ordered by a court to repay €19 million he does not have to ACC Bank.

Tue, 11 Oct, 2011 - 01:00
Paul O’Brien and Vivion Kilfeather

Mr Wallace said he would be unable to repay the money and the bank could seek to have him declared bankrupt as a result.

By law, undischarged bankrupts are not allowed to sit in the Dáil, meaning Mr Wallace would forfeit his seat in such a situation.

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CourtsPoliticsPlace: Italian QuarterPlace: Ormond QuayPlace: Behan SquarePlace: Russell StPlace: North Circular RoadPlace: RathgarPlace: DublinPerson: WallacePerson: Mick WallacePerson: James LarkinOrganisation: TDOrganisation: ACC BankOrganisation: DáilOrganisation: ACCOrganisation: RTÉOrganisation: Wexford TDOrganisation: M & J Wallace LtdOrganisation: Commercial Court
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