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Sean Quinn declared bankrupt by a Belfast Court PDF Print E-mail
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News - News from Ireland
Written by Hugh McManus   

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Sunday, 20 November 2011 07:00
November 15, 2011: It's a sad time for anyone from Fermanagh or Leitrim as local business man Sean Quinn files for bankruptcy.  Quinn's companies are reported to owe as much as €2.9 billion to Anglo Irish Bank.  At one time, Quinn was reported to be the richest man in Ireland.  Quinn was declared bankrupt in a court in Belfast.   Quinn stated that "the vast majority of debt that Anglo maintains is owed is strenuously disputed. I cannot, however, now pay those loans which are due."  He has vowed to clear his name.  His insurance and manufacturing companies have been transferred to other entities and continue in business.
 

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