On 15th April, 2012 it was reported on here that Dublin property company Spain Courtney Doyle appeared to have relocated from Dublin to London, even though property still advertised on the company’s website was located in Dublin. It seems that on 8th May 2012, Bernard Doyle, one of the principals in the company was declared bankrupt in London. The description provided by the UK Insolvency Service – the full record is reproduced above – is interesting for its range of addresses “Bernard Thomas Doyle of 45 Godstone Road, St Margaret’s, Middlesex, TW1 1LG, lately of 34 Orleans Road, Twickenham, TW1 3BL, formerly of Ardeevin House, Ardeevin Road, Dalkey, Co Dublin, Ireland, a property consultant trading in partnership with another as Spain Courtney Doyle at 162-168 Regent Street, W1B lately of 3 Wigmore Place, London, W1U 2LN”.
There is no news of Bernard Doyle’s two associates, Paddy Spain and David Courtney. A search of the Insolvency Service doesn’t throw up any results. Under UK bankruptcy rules, Bernard can expect to emerge as a financial new-born in May 2013. Although our soporific Minister for Justice Equality and Defence, Alan Shatter has promised to publish his Personal Insolvency Bill here by the end of June, Minister Shatter promises all sorts of things and doesn’t always deliver, reform of Upward Only Rent Review leases being a case in point. The new Bill is expected to cut the Irish bankruptcy period from up to 12 years at present to three or less years.
This NAMA bankruptcy is the latest in a line which now includes Ray Grehan and his brother Danny Grehan, Tom McFeely, John Fleming, Alastair Jackson and Patrick Fitzpatrick. [UPDATE: 7th June, 2012. There are two other UK bankrupts associated with NAMA from Northern Ireland - Fergal McAlinden and Peter McDaid]
UODATE: 5th June 2012, it seems that Gavin Daly at the Sunday Times reported this story last weekend. It’s behind a paywall. So the “Exclusive” is withdrawn above!