THE DIVISION of the Massachusetts state government that provides services to the unemployed has been told of the bankruptcy proceedings involving David Drumm.
The former chief executive of Anglo Irish Bank moved to Massachusetts after he resigned from the bank in December 2008.
Mr Drumm recently instituted bankruptcy proceedings there.
Recent filings in the Boston courts show the Unemployment Assistance Division has been informed of his move, as has the employee benefits section of the Department of Labor in Boston.
The Division of Unemployment Assistance administers the unemployment insurance programme, providing temporary assistance to unemployed Massachusetts workers, according to its website.
It is not known if Mr Drumm is in employment or in receipt of any unemployment assistance in the US. The court has been told of a list of creditors who have been contacted about his proceedings.
The trustee in the case, Kathleen Dwyer, told the court in a filing yesterday it appeared there may be sufficient funds to pay a dividend to his unsecured creditors .
“The size of the dividend will depend on the claims that are filed and allowed,” the note said. The last day for filing a claim is January 24th next.
On Monday, Ms Dwyer notified the court that there appeared to be assets for administration, and requested the court to establish a “claims bar date” so creditors could be notified.
Mr Drumm has an address in Wellesley, Massachusetts.
The parties contacted about his proceedings include AIB Visa Card, Anglo Irish Bank in Dublin and Boston, Citicards Exxon Mobile in Texas, Eversheds O’Donnell Sweeney solicitors in Dublin, KBC Homeloans in Dublin, Pender Public Relations in Dublin, Mary Drumm, Skerries, Co Dublin, and Susan Drumm, also of Skerries.
Mr Drumm owes Anglo Irish Bank in the region of €8.5 million in unpaid loans, but has counterclaimed against his former employer for more than €2 million in alleged unpaid remuneration.
The size of his debts to his other creditors is not known.
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