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Dublin: 12 °C Friday 25 May, 2018

Priory Hall residents criticise McFeely's reported bankruptcy

Residents complain that Thomas McFeely will be out of debt in 12 months, while they face years of financial turmoil.

The residents of Priory Hall have kept up their protests after being forced to evacuate their homes in October.
The residents of Priory Hall have kept up their protests after being forced to evacuate their homes in October.
Image: Laura Hutton/Photocall Ireland

THE RESIDENTS of the Priory Hall apartment complex have reacted angrily to reports that the developer behind the ill-fated complex, Thomas McFeely, has been declared bankrupt in another jurisdiction.

RTÉ News reports that McFeely has been declared bankrupt at a court in London – just three days before he faces a similar application in the Republic of Ireland.

The filing comes just days after two other developers – brothers Ray and Danny Grehan – filed bankruptcy in English courts, potentially making it more difficult for NAMA to pursue claims of over €300 million against each man.

In a statement this evening, the residents accused McFeely of running “roughshod over the Irish judicial system”, and urged justice minister Alan Shatter to pursue the overturning of the London bankruptcy.

“Surely a man who endangered the lives of so many Irish citizens should not be allowed to clear his debts in 12 months when the innocent Priory Hall residents face insolvency and financial ruin through his actions,” the statement read.

While the government and Dublin City Council relentlessly pursue their aim of making the residents of Priory Hall homeless, Mr McFeely continues to reside comfortably in his mansion in Ailesbury Road.

Details of McFeely’s bankruptcy have yet to appear on Britain’s Individual Insolvency Register.

The Irish motion for bankruptcy is being taken by a Dublin woman who says McFeely has not paid her €100,000 in High Court damages over structural defects to a house purchased from him.

Council could offer Priory Hall residents €50,000 for apartments

Priory Hall residents: Ours will just be the first case of many

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Gavan Reilly

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