I was looking forward to sitting down with the crudités and dips on Friday and devouring the Sean Dunne statement of financial affairs which is due this week, but a filing at the bankruptcy court last Friday – reproduced in full above – might presage an application for a further extension of time, or some other request, conceivably around the privacy of the filing.
The reasons for the great expectation awaiting Sean’s filing of his statement of financial affairs, are manifold. Sean says in his original filing on Good Friday that he has assets of USD 1-10m and liabilities of USD 500m-1bn, and given Sean’s activities in Ireland and elsewhere we wanted to see the extent of his empire. NAMA has already reviewed Sean’s statement of financial affairs provide to it in 2010, and no doubt NAMA will want to compare the two versions.
On Friday last, Sean’s lawyer, the award-winning James Berman requested a hearing with the judge on the previously filed application to extend the deadline for filing Sean’s finances. That previous application was accepted and the new deadline was the end of this week, so what does Sean want from a hearing. Does he want a further extension? Let’s hope he doesn’t want his statements to be kept private.
There has not been any further filing in the case, so we don’t know if the judge has acquiesced to the request for a hearing. NAMA is a notice party in the case so if there is a hearing, it may want to attend.