Former Anglo chairman to exit bankruptcy next month

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Former Anglo chairman to exit bankruptcy next month - Ann O’Loughlin → irishexaminer.com/business/f … 70002.html

Former Anglo Irish Bank chairman Seán FitzPatrick will exit the bankruptcy process early next month, it has been confirmed.
Mr FitzPatrick was adjudicated by the High Court as a bankrupt almost four years ago, with debts of €147m and assets worth nearly €47m.
At the time of the adjudication, he would have expected to remain a bankrupt for 12 years.
However, under insolvency laws introduced in December last year, the duration of bankruptcy has been reduced to three years.
As a result, bankrupts such as Mr FitzPatrick can emerge from bankruptcy once the official assignee is satisfied they have fully co-operated with the process.

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