The Supreme Court has set a date in June to hear developer Michael O’Flynn’s appeal against a ruling preventing him from objecting to the Personal Insolvency Agreement made in favour of former business partner John O’Driscoll.
The developer claims that his neighbour Mr O’Driscoll from Ovens, Co. Cork, owes him over €75src,srcsrcsrc and was not insolvent when Mr O’Driscoll sought and was granted a PIA by the courts.
The developer claims that he advanced a loan to a pub business Mr O’Driscoll was involved in. As a result, it is claimed that Mr O’Driscoll became a signatory to a €2.2m loan guarantee in favour of the developer, and that the two became shareholders in the business.
Mr O’Driscoll rejects the claim that he was not insolvent and said his PIA should remain un
…. to be continued
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