There’s little pleasure in Sean Quinn’s bankruptcy

Irish bankruptcy must be different from American. In this country, people file bankruptcy as protection from creditors. It is the final step. So if the court has questions about wealth, that is determined before the filing. Unless the money was obtained fraudulently, debt is simply wiped out, and the person gets a fresh start. It is a blemish on his credit rating for 7 years, but creditors can no longer hound him. Quinn should come to this country.

I wonder where he will pop up next, feet up on the low patio wall of a beach villa in the sun - somewhere which doesn't have extradition treaty with the UK? If he was smart enough to scam any financial institution out of Billions, then he was smart enough to make "contingency" plans. He ought to be watched - and made a prime example of, as should ALL scammers and white collar criminals. Too many of these "financial wizards" are getting off free of penalty, leaving millions of poor and middle class working people with much higher bills or even bankrupt without pensions. Maybe it's time to examine the accounts and practices of the entire greedy 1%?

Bankruptancy is just another form of money laundering,its rife in ireland

Sean Quinn bankrupted himself by pure greed. There is some point in chasing down where the 200million euro he placed in his children's 'individual wealth portfolios' in 2008 came from- paricularly when Irish car insurance policies are now burdened with a surcharge to cover the hole in Quinn Group's accounts. There is plenty of evidence to say that this man and his family have hidden considerable wealth overseas and those assets should be owned by his creditors. The difference between Quinn and the average struggling Irish taxpayer is that the latter has no choice in trying to evade creditors- Quinn does. Would you have suggested letting Bernard Madoff off the hook?