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Sean Dunne wants 'shackles of bankruptcy' removed, court hears

The court was told Sean Dunne is very anxious that an application to extend the bankruptcy is heard
The court was told Sean Dunne is very anxious that an application to extend the bankruptcy is heard

Lawyers for property developer Sean Dunne have told the High Court it is of paramount importance to him to "get free of the shackles of bankruptcy".

The court was told Mr Dunne is very anxious that an application, by the court official administering his estate, to extend the bankruptcy is heard.

His lawyers told the court Mr Dunne considers himself to be the "most co-operative bankrupt under scrutiny" and that he wants his financial liberty.

They were opposing the application by the Official Assignee, Chris Lehane, for an adjournment to allow him to consider materials filed by Mr Dunne last week.

Ms Justice Miriam O'Regan agreed to adjourn the matter until 14 November.

Mr Dunne was adjudicated bankrupt here in July 2013 over loans of around €164m with Ulster Bank.

The Official Assignee began proceedings to have the bankruptcy extended over alleged non co-operation by Mr Dunne with him.

The bankruptcy was due to expire last July but was temporarily extended pending the outcome of the full extension application.

An extension of up to five years can be granted by the High Court.

The court was told Mr Dunne attended for examination at Mr Lehane's office last June and had delivered a 28-page sworn document as well as other documents last week.

Mr Lehane had asked for consent to an adjournment to today's hearing to consider those materials, but no consent was forthcoming.

Senior Counsel Mark Sanfey said the examination represented Mr Dunne's first substantial assistance to Mr Lehane, as he had previously failed to provide detailed responses to requests for statements of affairs and other information.

Mr Dunne filed for bankruptcy in Connecticut in the United States in 2013 – he claimed to have debts of $1 billion and assets of $55m.

The court heard Mr Lehane also needs to make inquiries concerning what is happening with the US bankruptcy.