Fine Gael minister John Perry pursued over unpaid loans

Friday 19 July 2013 19.55
The bank claims Marie and John Perry failed to keep up the required payments
The bank claims Marie and John Perry failed to keep up the required payments

Fine Gael minister of state John Perry and his wife are being pursued by Danske Bank for a €2.47m judgment over unpaid loans.

Danske Bank will ask the Commercial Court on Monday to fast-track its case seeking judgment for the amount against Mr Perry and his wife Marie.

The bank claims the couple, with an address in Carrownanty, Ballymote, Co Sligo, are indebted arising from an October 2011 facility for €2.42m provided to restructure existing loans.

It claims the sum now due, with interest, is about €2.47m.

It claims the security for the facility included first legal mortgages over a retail premises, the Stone Park Restaurant and Perry's Hardware, all located at Main Street, Ballymote, and over 50 acres of agricultural lands at Ballymote.

The bank claimed the loan was to be repaid in full a year after it was drawn down in November 2011. The final repayment date was 19 November 2012.

The couple made some repayments but, the bank claims, failed to keep up the level of interim repayments required under the terms of the loan facility.

Last March, it demanded immediate payment of the total sum outstanding, with interest.

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