Amidst owing creditors nearly $14m, it was revealed this week that former Irish Anglo Irish Bank boss David Drumm defaulted on a Discovery credit card debt of $2,821.
Drumm, 44, applied for the card just 10 weeks before filing for bankruptcy.
Drumm, who earned more than $3m in 2008, declared himself bankrupt on October 14.
Discover is one of four banks that Drumm owes money too.
It is believed the total estimated owed on credit card spending to the four banks is somewhere near $43,000.
Discover filed documents this week with the amount owing to them.
Drumm is expected to meet with creditors at a Boston court house next week.
The rest of his creditors have until January 24 to provide documents proving the amounts they are owed.
Earlier this month Drumm revealed all his assets and debts in a comprehensive set of documents that list his Anglo pension at $5 million (listed in dollars because he’s filing for bankruptcy in the U.S.), his wife Lorraine as a creditor to the tune of $200,000, and his pet dog as being worth $1.
Drumm lists a variety of other assets as part of his bid to be declared bankrupt in the U.S. state of Massachusetts. His total assets are listed as being worth $13.9 million, including his house in Cape Cod, worth nearly $3 million, his house in Malahide, valued at $1.5 million, and half ownership of a house in Skerries valued at $162,000.
His liabilities, though, he lists as being more than $14 million.
Debtors including his wife; Cape Cod Five Cents Savings Bank and Dublin law firm, Eversheds O’Donnell Sweeney, who are owed $350,340; KBC Homeloans, owed $351,050; AIB, to whom he owes $26,000 in credit card debt; and unknown liabilities to the Revenue Commissioners, the Massachusetts Department of Revenue and the US internal revenue service.
And this is without factoring the €8 million that Anglo Irish Bank claims he owes them and which, they claim, is the reason he has filed for bankruptcy in the U.S.
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