Sean Fitzpatrick

Sean FitzPatrick attends his bankruptcy hearing


Sean Fitzpatrick

Sean Fitzpatrick has attended his first bankruptcy hearing at the Irish High Court since he was declared bankrupt earlier this month.

The former head of Anglo Irish Bank owes creditors a total of $180 million and has assets of around €60 million.

He is seen as the major banking player in the boom and bust in the property market that helped led to the deep recession.

Fitzpatrick was legally obliged to personally attend the court hearing. He wore a navy suit, light blue shirt and navy tie and didn’t speak during the proceedings.

Anglo Irish Bank - which is owed up to €110m by the gone-bust tycoon, says that  it’s seeking to have a “trustee in bankruptcy” appointed to the case.  A court-appointed trustee was assigned onto the case two weeks ago.

Ms Justice Elizabeth Dunne adjourned the case for hearing until September 22nd.

The fifty-two year old enraged the Irish public when he said on the Marian Finucane radio talk show that: “The cause of our problem was global, so I can't say 'sorry' with any kind of sincerity.”

He is currently the subject of an Irish police fraud investigation.

FitzPatrick was chief executive of Anglo Irish Bank from 1986 until 2005, when he became its chairman. He resigned from that position in December 2008 when details of secret loans he had taken out with the bank were revealed.


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