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.

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.