Ivan Yates bankruptcy application ruled invalid

The High Court has ruled that an application to have former broadcaster Ivan Yates declared bankrupt is invalid.

21st August, 2012

The High Court has ruled that an application to have former broadcaster Ivan Yates declared bankrupt is invalid.

Ms Justice Elizabeth Dunne found that a bankruptcy summons issued by AIB, arising out of the former Fine Gael minister’s alleged failure to satisfy a €3.69 million demand by AIB, was invalid, RTÉ reported. The judge said that Yates had raised "real and substantive issues"" in respect of the amount sought by AIB.

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