O’Donnells’ bankruptcy annulment case to proceed

The couple were adjudicated bankrupt by the High Court in August of 2013. The finding was confirmed by the Supreme Court in February.
Bank of Ireland applied to have the couple declared bankrupt after they failed to satisfy a judgment for €71.57m obtained against them. The judgment was obtained by Bank of Ireland in December 2011 after they failed to repay loans advanced by the bank.