FitzPatrick has exposure of €250m

Sean FitzPatrick, the former chairman of Anglo Irish Bank, will this week ask his creditors to write down significant portions of his debts and agree to forgo sizeable interest repayments as he attempts to restructure a potential financial exposure o

3rd July, 2010

Sean FitzPatrick, the former chairman of Anglo Irish Bank, will this week ask his creditors to write down significant portions of his debts and agree to forgo sizeable interest repayments as he attempts to restructure a potential financial exposure of around €250 million.

FitzPatrick will also ask his seven lender banks, including Anglo and the Revenue Commissioners, to reschedule their debts for between two and ten years, in order to allow him to overcome his...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Newsround: What Thursday’s papers say