Receiver's concern over Sean Quinn bankruptcy

<p><br />Sean Quinn was declared bankrupt earlier this month<br /><br />The receiver appointed to oversee Sean Quinn's bankruptcy has expressed concerns about the statement of affairs submitted to the High Court in Belfast. <br /><br />Lawyers for the receiver told a court in Dublin that the statement appeared to be unsatisfactory.<br /><br />The former Anglo Irish bank is trying to get loans of more than 2bn euros repaid by Mr Quinn.<br /><br />However, the case has been complicated by Mr Quinn's recent bankruptcy declaration in Belfast's High Court.<br /><br />On Monday, the official receiver sought to have the case in Dublin adjourned.<br /><br />The bank is also bringing an application to have Mr Quinn's bankruptcy annulled, because the institution maintains his centre of interest is in the Republic and not Northern Ireland.<br /><br />That case will go before the Belfast courts later this week.<br /><br />By declaring himself bankrupt in Northern Ireland, Mr Quinn once believed to be Ireland's richest man - would only have to wait a year before going back into business, rather than 12 years in the Republic.<br /><br />The 63-year-old was stripped of control of his manufacturing and insurance business empire in April.</p>

Receiver's concern over Sean Quinn bankruptcy

Sean Quinn was declared bankrupt earlier this month The receiver appointed to oversee Sean Quinn's bankruptcy has expressed concerns abo...

Read more »