Belfast Telegraph

Ex-bank chief's assets to be split

A court official has been given the go-ahead to divide up the assets of bankrupt former Anglo-Irish chief Sean FitzPatrick.

The disgraced ex-bank boss looked relaxed as the High Court passed an order to allow an official to proceed with the action.

Mr FitzPatrick, who was declared bankrupt in July, owes state-owned Anglo about 110 million euro.

His assets include his share of his family home in Greystones, Co Wicklow, his pension, his car and shares in various foreign properties.

Barristers for the official, Chris Lehane, told a judge that Mr FitzPatrick was co-operating and that he was consenting to the case going ahead.

Anglo Irish Bank revealed earlier that it was not proceeding with a motion to have a trustee, an insolvency practitioner, appointed in place of Mr Lehane to realise Mr FitzPatrick's estate.

No application was made for costs.

Ms Justice Elizabeth Dunne said: "I'm making an order passing the statutory sitting this morning."


From Belfast Telegraph