Here is a right Canny McSavvy down in D4. He borrowed €25m and is somehow ‘surprised’ that his house (worth maybe €2m) is on the line for that. He even held off the receivers for 5 years already.
They have argued that Aberdeen Lodge on Park Avenue, Dublin 4 cannot be seized over a €20m debt from a loan during the boom for a failed hotel project. The family have offered to pay €1.25m in debt secured on the property but they said that Goldman Sachs have refused to deal with them to remedy the situation.
This morning a man and woman arrived at the property to carry out a repossession order on behalf of receiver Paul McCann, of Grant Thornton.
Mr McCann was appointed as a receiver by Kenmare Property Finance, an Irish-based subsidiary of Goldman Sachs.
However, the family this morning refused to leave their home, with Mr Halpin saying the ongoing fight for their home and business as nearly put him in the grave.
What bit of ‘guarantee’ or ‘undertaking’ does this idiot not understand???