Former director of collapsed property development firm faces bankruptcy hearing over €1.85m debt

Four Courts, Dublin. An application to have a former director of a property development fund adjudicated bankrupt over a debt of €1.85 million arising from a judgment obtained against him will be heard next month in the High Court.

Stephane Fund , with an address in Kilternan, Co Dublin, was a codirector with a former Irish rugby international, Brendan Mullin, of Bisvale DAC, a property development fund which went into receivership in 2021. The petition concerning Mr Mullin , with an address at Stillorgan Road, Donnybrook, Dublin, was struck out last April on consent of the company and Mr Mullin.

The petition arises after MSMS obtained judgment from the High Court for some €2m against Mr Fund and Mr Mullion in April 2022, arising from guarantees concerning loans made to buy properties in Ballsbridge from the National Asset Management Agency.

Source: Loan Digest (loandigest.net)

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