Wallace declared a bankrupt with debts of up to €30m

Independent TD Mick Wallace has been adjudicated a bankrupt at the High Court on foot of a €2m judgment debt.
Wallace declared a bankrupt with debts of up to €30m
Tue, 20 Dec, 2016 - 00:00
Ann O’Loughlin

Mr Wallace’s total debts exceed €30m, the court was told.

Ms Justice Caroline Costello granted the bankruptcy petition by the Promontoria (Aran) Ltd fund arising from a €2m judgment obtained after the fund took over a debt owed to Ulster Bank.

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Place: USPlace: Northern IrelandPlace: UKPerson: WallacePerson: Mick WallacePerson: Caroline CostelloPerson: Keith FarryPerson: Edward FarrellyPerson: FarryPerson: JusticePerson: CostelloPerson: Chris LehaneOrganisation: Promontoria (Aran) LtdOrganisation: Ulster BankOrganisation: Commercial CourtOrganisation: M & J Wallace Ltd.Organisation: PromontoriaOrganisation: CerberusOrganisation: DáilOrganisation: NAMAOrganisation: TDOrganisation: Allied Irish BanksOrganisation: ACCOrganisation: PIA
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