Bankruptcy order against top Northern Ireland estate agent Gerry O'Connor is annulled
A bankruptcy order made against one of Northern Ireland's best known estate agents has been annulled.
Gerry O'Connor's insolvency was rescinded at the High Court in Belfast after he entered into a voluntary arrangement with his creditors.
The 61-year-old has been running GOC Estate Agents in the south of the city for more than 20 years.
In December last year creditors petitioned to have him declared bankrupt.
A month later the order was made against the businessman, whose registered address is the firm's Stranmillis Road office.
At the time it was stressed that the estate agency was in no way affected by the development.
Mr O'Connor has been working in the Northern Ireland property market for over 40 years.
His company, which he runs with his wife Kirby, specialises in selling and letting properties across Belfast and further afield.
Following confirmation of the new arrangements his bankruptcy was annulled in court today.
No opposition was raised by the Official Receiver.
Mr O'Connor was not present for the short hearing, being represented instead by his barrister.
Following the outcome Mr O'Connor stressed his company is thriving.
He said: "I am very pleased to be able to put this saga behind me though I feel very strongly that it should never have arisen in the first place.
"I'd also like to stress that GOC Estate Agents was never involved or affected by this action and it continues to go from strength to strength, twenty years after its foundation."
Mr O'Connor added: "The market is now in full recovery mode and GOC has many new developments and other projects coming to fruition in the coming year."