One-time millionaire Cullen faces selling property to pay €8.2m debt
The court heard a planned sale of property belonging to the one-time millionaire would help to reduce the amount owed to Danske Bank.
The case arose from an €8.1m loan advanced to Mr Cullen in Apr 2011 to restructure a loan. That facility was to be repaid in full by Apr 2012 but the bank claimed no repayments were made by Mr Cullen since Nov 2011.
