A bank's bid to repossess the Dublin residence of MEP Mick Wallace was adjourned by a judge today for three months.

Mr Wallace was not in the Circuit Civil Court when Judge Jacqueline Linnane put the matter back until October.

At an earlier hearing on 5 June of this year, Judge Linnane had heard there had been a change in Mr Wallace's financial situation following his impending election as a member of the European Parliament.

He was elected as an MEP for Ireland's South on 5 June also.

Mr Wallace, who had previously been declared a bankrupt by the High Court on 19 December 2016, had been granted an adjournment in his June 5 hearing by Judge Linnane of AIB Mortgage Bank's application for possession of the house on Clontarf Road, Dublin.

Chris Lehane, official assignee in Bankruptcy, had been named as first defendant in the bank's proceedings but in an affidavit by a bank manager it had been stated that the official assignee had not been making any objection to a creditor seeking a court order for possession of the house.

The house had been stated to be the primary residence of Mr Wallace which, the court had heard, had been purchased on 29 April, 2004 on foot of a mortgage loan of €825,000 on which there were agreed monthly instalments of €2,270.

Judge Linnane, at earlier hearings prior to his June trial, had been told that Mr Wallace, who had been described as bankrupt in the proceedings, had failed to keep up the required monthly repayments and the bank had now been owed €910,800 which it had been seeking to recover through the courts.

The bank had informed the court that in December 2016, Mr Wallace had been adjudicated a bankrupt by the High Court and as a bankrupt his interest in the property had become vested in the Official Assignee, Mr Lehane.

At his 5 June hearing, Judge Linnane, after being told Mr Wallace had become an MEP which would result in a change in his financial circumstances, formally adjourned the bank's application.

Today in court, Judge Linnane formally adjourned the bank's application to 8 October.

A TD's salary is just under €95,000.