Quinn concedes ‘vendetta’ bankruptcy

BUSINESSMAN Sean Quinn has been declared bankrupt in the High Court after he decided not to contest an application made by the former Anglo Irish Bank.

Formerly the country’s richest man, Mr Quinn afterwards said the bank, now known as Irish Bank Resolution Corporation, had pursued “a vendetta” against him and his family and through their actions had “achieved their goal of ensuring that I will never create another job”.

IBRC had brought the matter before Ms Justice Elizabeth Dunne in the High Court less than a week after it overturned a bankruptcy order Mr Quinn had obtained in the North last November.