A High Court application seeking approval of a financial arrangement that would write off the bulk of restauranteur Jay Bourke’s €13.7 million debts has been withdrawn.
The court heard on Monday that Mr O’Callaghan was withdrawing the application. The bankruptcy petition is still live before the High Court. Its counsel, Niall Ó hUiginn, instructed by Beauchamps, told the court on Monday that the preferential element of the debt had been overstated by some €200,000, giving Mr Bourke’s other creditors an impression Revenue was legally entitled to be repaid in full.
Good call. May he have to sell all his assets to clear his debts. Another over privileged Celtic tiger wannabe who's fallen on his face What comes around goes around 😂👍
IrishTimes If you owe the revenue £137, that's your problem If you owe them £13.7 million, that's their problem.