David Drumm’s bid to be declared bankrupt fails again

A second judge has denied David Drumm bankruptcy in the US and accused the former Anglo chief of “mis- direction and dishonesty”.

The 49-year-old remains in custody while fighting extradition to Ireland where he could face 33 criminal charges in relation to the Anglo collapse.

The extradition hearing has been set for March 1 in Boston. In January, US bankruptcy Judge Frank Bailey described Drumm as “not remotely credible” in ruling against his attempt to seek bankruptcy. That left him facing debts of up to $11m (€10.3m).