‘Disquieting error’ in Bourke’s insolvency arrangement criticised by High Court

Mr Justice Mark Sanfey urged all personal insolvency practitioners to ‘reflect carefully’ on their obligations to the court

The issue related to well-known restaurateur Jay Bourke’s personal insolvency arrangement (PIA), which was dismissed last month, and which categorised the entirety of over €550,000 worth of debt owed to the Revenue Commissioners as preferential. Picture: Bryan Meade.

An explanation given for an "error“ in the personal insolvency arrangement for well-known restaurateur Jay Bourke has been described as “disquieting” by a High Court judge.

In a written judgment issued today, Mr Justice Mark Sanfey made a number of criticisms of John O’Callaghan, a personal insolvency practitioner (PIP) who works for KPMG and who acted for Bourke.

He also urged all PIPs to “reflect carefully” on their obligations to the court.

The issue related ...