Priory Hall developer Thomas McFeely has urged the High Court to refuse an “oppressive” bid to extend his bankruptcy by another five years. The official administering the bankruptcy wants the extension over Mr McFeely’s alleged failure to co-operate with him by disclosing precisely where he is living, along with an interest in certain assets, including some apartments in Clondalkin and Ballymount, Dublin.
Mr McFeely was adjudicated bankrupt in Ireland in July 2012, with substantial debts including €200 million owed to Nama. He was previously adjudicated bankrupt in England and Wales but that was rescinded after a woman owed €100,000 by companies of Mr McFeely brought proceedings here.
His bankruptcy was due to expire last summer but, if official assignee Chris Lehane secures the extension sought, it will continue to 2020.
Mr McFeely claims that a five-year extension, the maximum period allowance under bankruptcy laws, is unfair, disproportionate and oppressive and Mr Lehane is unfairly singling him out from other bankrupts.
Ms Justice Caroline Costello heard further arguments on behalf of both sides on Monday. Bernard Dunleavy SC, for Mr Lehane, will conclude his reply on Tuesday, after which it is expected judgment will be reserved.
Vincent P. Martin, for Mr McFeely, said his client believed Mr Lehane had not taken him at his word in relation to explanations concerning his interest in several apartments at Áras Na Cluaine, Clondalkin, and the Old Saw Mills, Ballymount, Dublin 12. The court heard information concerning those assets was discovered after Mr Lehane obtained documents from a company, Coalport, of which Mr McFeely had been a director.
Mr Martin said there were issues concerning that material being seized from a company of which Mr McFeely was no longer a director. He also said the developer had a permanent address at his childhood home in Claudy, Co Derry, but spent most of his time in London. If Mr McFeely disclosed addresses of family and friends in London with whom he stayed, he feared they could be subject to a “media circus” and also asserted rights to privacy under the Constitution and European Convention on Human Rights.
During the period when it was alleged Mr McFeely had not co-operated, his client was trying to address a “very public” eviction of his family from their Dublin home and had no fixed abode for a period, in the sense he was staying with various people, Mr Martin also argued. Mr Lehane should recognise the Derry address as the address for communication but had failed to agree on a “workable” method of communication.
Mr Dunleavy said Mr McFeely “has been determined at every hand’s turn not to let Mr Lehane know where he lives”, which meant his client did not know Mr McFeely’s style of accommodation or how he passed his days.
It was not disputed that leases in Mr McFeely’s name in relation to apartments in Clondalkin were not disclosed to Mr Lehane, Mr Dunleavy said. Mr McFeely had to rely on the court “closing its eyes” to such information. It was clear aspects of Mr McFeely’s conduct fell into one or more categories of misbehaviour and non co-operation and the court must ensure the integrity of the bankruptcy process was preserved, he argued.
