Sunday February 16, 2020

Vulture fund aims to bankrupt evangelists over claimed €1.8m debt

Brendan and Sheila Hade built a 1,000-seat auditorium for church services in Firhouse during the boom

19th January, 2020
Sheila and Brendan Hade of the Victory Christian Fellowship Church were given time by a court to show cause for their challenge to the adjudication of the bankruptcy Picture: Courtpix

Evangelical church founders Brendan and Sheila Hade are due to appear in the High Court tomorrow as they fight attempts to bankrupt them.

The former electrical contractor turned pastor and his wife intend to challenge the validity of the bankruptcy motion by Feniton, a vulture fund linked to Goldman Sachs.

Feniton bought debt linked to the Hades and other trustees of the Victory Christian Fellowship Church, which borrowed close to €18 million from Bank of...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Property firm Kennedy Wilson seeks injunction to force Butler brothers to vacate Leisureplex premises

Rosanna Cooney | 19 hours ago

Colum and Ciaran Butler refuse to vacate site owned by US investment firm

Rosanna Cooney | 1 week ago

Defendants’ appeal against removal of ‘Nama defence’ documents will be heard in March and case is adjourned until June

Rosanna Cooney | 1 week ago