02/02/2012

Quinn's Family Face Court Challenge Against IBRC

A challenge by businessman Sean Quinn's family to a claim they are liable to repay loans of over €2 billion to the former Anglo Irish Bank begins in the High Court in Dublin today.

Mr Quinn's wife, Patricia, and his five children are claiming they are not liable to repay the €2.3 billion to the Irish Bank Resolution Coporation (IBRC), formerly Anglo.

The family have also said the bank does not have any right to seize valuable properties.

A preliminary issue into the case is to be heard at the Commercial Court this morning.

Mr Quinn was declared bankrupt last month by the courts in Dublin.

(CD/GK)

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