I presume they’ve been repossessed already. This is just a formality
He’s down as a landlord of 2 places on his interests in the dail register.
The official assignee is entitled to take them and sell them but the secured debt remains valid
So if they are in negative equity the OA will just ignore them and let the secured creditor deal with them as it is of no wider benefit to the bankruptcy pot.
OA sole role in practical terms is to generate a dividend for unsecured creditors so they will only target cash flows and assets that are not (properly) already charged to somebody else
At least he still has Claire.
1 Like
By the cut of Wallace she has him worn out. The poor bollix hasn’t the energy most days to dress himself properly or to comb his hair.
Wallace will bring down the whole house of cards now. He has nothing to loose. He will destroy them all.
1 Like
Lose
5 Likes
Mick Wallace’s son went to Oatlands College in Stillorgan, long way to travel to school in the morning from the “family home” on Clontarf Road.
This was discussed here at the time and commented that Mick also had lodgings in the Sandyford / Stillorgan area.
1 Like
Will Super Kev bail them out again?
Mick is destroying Noonan in the Dail at the moment detailing the scale of corruption at NAMA. Noonan of course is happy to sweep all the sleaze under the carpet and continue the fire sale.
1 Like
'Tis easy for Wallace to be giving out to the Kaiser. Wallace was never in a position where he managed an entity that looked as if it was about to go tits up…
The Kaiser had tough decisions to make and he made them. Mick made decisions and went bankrupt but fortunately he was able to save the brothers vineyard and the family’s other interests. Mick would know a lot about corruption alright. KETTLE …POT
2 Likes
A poacher turned game keeper.
2 Likes
Indeed…
1 Like
Mick and Claire were waving around a document last week claiming it showed that US military flights carrying cluster bombs had landed at Shannon.
When anybody actually bothered to read the document it showed that the US were actually refused permission for those flights to land.
1 Like
Kettle pot my arse. Wallace never hounded a dying woman
2 Likes
That you know of.
You do realise the difference between face value and actual value don’t you?
2 Likes