Application to write off bulk of restaurateur’s €13.7m debts withdrawn

Jay Bourke: Had sought assistance after the Revenue Commissioners petitioned for his bankruptcy on account of the amount owed to it. File picture

A High Court application seeking approval of a financial arrangement that would write off the bulk of restaurateur Jay Bourke’s €13.7m debts has been withdrawn.

The withdrawal came following an objection from Pepper Finance, a creditor owed €12.2m from a contingent liability arising from Mr Bourke’s loans on Co Meath hotel Bellinter House, which he co-owned.