"Almost 13 years after Celtic Tiger era property developer Sean Dunne filed for bankruptcy, a US court has finally approved the distribution of assets to some of his creditors."
"A federal judge in Connecticut rejected eleventh hour objections from the Co Carlow born businessman to sanction the payment of "priority claims" made by Mr Dunne's two ex-wives."
Sean Dunne, a property developer from the Celtic Tiger era, filed for bankruptcy almost 13 years ago. A US court has approved the distribution of assets to some of his creditors. The approval follows a federal judge in Connecticut rejecting his eleventh-hour objections. The judge sanctioned the payment of "priority claims" made by Mr Dunne's two ex-wives. Those sanctioned payments will take priority in the distribution of available assets. The court decision resolves a long-delayed step in the bankruptcy process and authorizes specified disbursements to identified claimants. The resolution affects creditors who have awaited recovery since the bankruptcy filing and clarifies entitlement to claimed priority.
Read at Independent
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