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David Drumm isn't giving up on his bid to go bankrupt in the US

The former Anglo CEO filed appeal papers last night.

Image: Sasko Lazarov/Photocall Ireland

FORMER ANGLO IRISH Bank CEO David Drumm is appealing the decision by a Massachusetts court not to grant him bankruptcy in the US.

Drumm had 14 days to lodge an appeal after the 6 January decision and yesterday evening filed appeal papers with the US Bankruptcy Court.

The papers indicated that Drumm is to appeal the decision of Judge Frank Bailey to the US District Court.

Bailey’s 122 page ruling said that Drumm had engaged in “outright lies” as part of his bankruptcy bid, describing him as “a man casting about for any plausible answer but the truth”.

Drumm had filed for bankruptcy in order to walk away from debts of €10.5 million. About €8.5 million of that debt is owed to the Irish Bank Resolution Company (formerly Anglo and Irish Nationwide).

Read: The interesting bits you need to read from the David Drumm ruling >

Read: US court calls David Drumm on his “outright lies” as he fails in bankruptcy bid >

About the author:

Rónán Duffy

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