Sean Quinn - Bankrupt

[bokonon]

@Barney Gumble

@BlameGame

Agreed. The insurance thing looks like a scam all along too. Just a ruse to get cash from policy income and divert it elsewhere.

Quinn was our Warren Buffet, in much the same way that Liam Lawlor was our Lady Di…

i’m stealing that

[TheJackal]

irishtimes.com/newspaper/fro … tml?via=mr

Seán Quinn’s family faces bankruptcy hearings next month

Looks like they’ll be following him…

[greentree]

Well, his son definitely isn’t bankrupt:

uk.news.yahoo.com/golf-course-resort-put-sale-165331685.html

The prestigious Belfry golf and hotel resort in England, which formed part of the Quinn empire, is for sale, it has been confirmed.

Considered the spiritual home of the Ryder Cup after hosting the competition four times since 1985, the complex is believed to be valued at about 108.8m euro…

The Belfry was bought by the Quinn group in 2005 for 225m euro. It was owned by Sean Quinn junior, son of the former billionaire tycoon Sean Quinn.

Mr Quinn senior declared himself bankrupt in Belfast last month only for that to be overturned after the Irish Bank Resolution Corporation appealed the decision.

[mr_anderson]

@Barney Gumble

Quinn was our Warren Buffet, in much the same way that Liam Lawlor was our Lady Di…

Weeks later and I’ve just came across that.
Brilliant !

[wii4miinow]

@Landlord

@HouseBuyer

@Braighni

I think the fact that they can chase Mr.Quinn for every penny until he turns 76 means they probably will recover more than if he went bankrupt in the UK.

All the assets are controlled by his children so we won’t be recovering anything unless we can get those transfers overturned.

A bankrupt in the UK is petty much the same as a bankrupt in Ireland .

From Anglo’s perspective the main difference is that it costs €300-500k (Ignoring the cost to overturn the Northern Irish bankruptcy) to make somebody bankrupt in Ireland and unfortunately the taxpayer will be footing the bill as the value of his assets are only 50k.

I disagree with that bit.

The one thing that I’m glad of is that he was not allowed to become a bankrupt in the UK. Per the current legislation he’s bankrupt now for the next 12 years. And I’m glad of that.
Unlike the 1 year that would be relevant to him in the UK.

It really is different between the UK and Ireland for bankrupcy.

They are not “pretty much the same”.

[Agent_47]

On a related topic, Sean Fitzpatrick declared bankrupt July 2010, if there is a 3 year time limit on bankruptcy brought in later this year he will be able to start again in 16 months time!

[mr_anderson]

@Agent_47

On a related topic, Sean Fitzpatrick declared bankrupt July 2010, if there is a 3 year time limit on bankruptcy brought in later this year he will be able to start again in 16 months time!

I would say so.

[wii4miinow]

@mr_anderson

@Agent_47

On a related topic, Sean Fitzpatrick declared bankrupt July 2010, if there is a 3 year time limit on bankruptcy brought in later this year he will be able to start again in 16 months time!

I would say so.

I would hope the fvck not!

First of all. I think that his declaration in July 2010 was a declaration made in another nation and that that declaration was found to be incorrect and was overturned.

Secondly, he has been found banktrupt in this nation, this year, in February as far as I can remember. So that’s when the 12 years starts ticking.

As per the commercial rules applying at the time for all such financial dealings.

He and his big spending ways getting loads of people fancy jobs on the back of his big spending can go bankrupt himself nicely now for the next 12 years because I only too well remember the last 12 years or shi** that I’ve been having to put up with due to his role playing and messing about in the credit fueled ecomomic wonderland that has been Ireland.

He may have started as an entrepreneur but he’s after vandalising entrepreneurship during his last decade or so.

I want him to pay.

I don’t want loosers like him, loosers like “class act”( ) should have been bankrupt Beverly Cooper flynn to be given special commercial breaks retrospectively by any new change of the law.

Why then don’t we all start a big loosing streak today, set up little mini-off short Double Dutch Irish corporations, invite fancy borrow based investments, give our selves big expenses and salaries ala some Hobbnesian creaters that we know and live it down like there’s no tommorrow only 3 short years.

Yeah. That’s how I want to do it.

No way. No way no chance hoseh.