Property Developer Bernard McNamara to exit bankruptcy proceedings

Friday 01 November 2013 20.50
Bernard McNamara's had debts of around €2.7bn at the height of the boom
Bernard McNamara's had debts of around €2.7bn at the height of the boom

Former billionaire developer Bernard McNamara is to discharge bankruptcy proceedings in Britain tomorrow.

Mr McNamara’s bankruptcy will be automatically discharged on 2 November, according to documents from the country’s Individual Insolvency Register.

The developer had debts as high as €2.7 billion during the property boom, much of which is now held by the National Asset Management Agency.

Mr McNamara’s insolvency practitioner, Baker Tilly Ryan Glennon, declined to comment on the case.