The bankruptcy application filed by Sean Dunne in Connecticut on Good Friday has finally been obtained and can be downloaded here. It’s fairly straightforward, and we don’t learn very much. Sean indicated his “estimated assets” at USD 1-10m but isn’t required by the form to provide details; he indicated his “estimated liabilities” at USD 500m-1bn (€390-780m).
Interestingly, Sean ticks the box which says “debtor has been domiciled or has had a residence, principal place of business, or principal assets in this District for 180 days immediately preceding the date of this petition, or for a longer part of such 180 days than in any other District”
The filing also shows that Sean underwent debt counseling, as required under US law, before filing for bankruptcy and a certificate is included in the bankruptcy filing which shows that at 5.54pm Eastern Time US, a counseling session by internet from someone called “Jai D Bhatt” and that a debt repayment plan was not prepared. Given the scale of Sean’s debts, the inclusion of what appears to be a perfunctory counseling session looks almost comedic.