Monday January 27, 2020

State to use power to claim post-bankruptcy income

17th January, 2015

The state’s bankruptcy authorities have signalled plans to lay claim to the future earnings of all bankrupts, even after they are officially discharged from bankruptcy.

The state’s official assignee, Chris Lehane, last week agreed a deal with former billionaire Sean Quinn, which will see Quinn pay €10,000 per year for the next two years, after his exit from bankruptcy last Friday.

Under bankruptcy laws, the official assignee, who oversees the affairs...

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