Former Anglo Irish Bank chairman Sean FitzPatrick has appeared in the High Court for the first time since he was declared bankrupt earlier this month.
Mr FitzPatrick, who owes creditors a total of €150 million and has assets of around €50 million, was in court as bankruptcy proceedings continued against him.
The former bank chairman, who was legally obliged to appear in court, wore a navy suit, light blue shirt and navy tie. He did not speak during the proceedings and declined to comment to The Irish Times as he left the Four Courts this afternoon.
Anglo Irish Bank, which says it is owed up to €110 million, told the court it was seeking to have a “trustee in bankruptcy” appointed to the case. This trustee would replace a court-appointed official, Chris Lehane, who was assigned a fortnight ago to deal with Mr FitzPatrick’s assets and debts.
Creditors in such proceedings typically have the option of seeking to have a trustee with specialist knowledge appointed to deal with the bankruptcy.
Ms Justice Elizabeth Dunne adjourned the case for hearing until September 22nd.
Mr FitzPatrick's assets are estimated to be worth some €50 million, including investments of some €45.7 million, and €1.23 million in accounts in various financial institutions.
He is joint owner of six properties, including his family home and another house in Greystones, Co Wicklow; a house in Bray, Co Wicklow; and apartments in Marbella in Spain, Smithfield Market in Dublin, and Killiney Court, Killiney. Only the Marbella apartment is not subject to a mortgage.
