{"id":659618,"date":"2026-10-19T19:28:11","date_gmt":"2026-10-19T19:28:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/659618\/"},"modified":"2026-10-19T19:28:11","modified_gmt":"2026-10-19T19:28:11","slug":"paddy-mckillen-jnr-stands-over-financial-statement-in-personal-insolvency-bid-court-told-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/659618\/","title":{"rendered":"Paddy McKillen jnr stands over financial statement in personal insolvency bid, court told \u2013 The Irish Times"},"content":{"rendered":"

Paddy McKillen jnr<\/a> has stood over financial statements provided to the High Court<\/a> as part of his bid for a personal insolvency arrangement (PIA), after two lenders owed a combined \u20ac11 million by the businessman raised concerns about his disclosures to the court. <\/p>\n

Last month, McKillen jnr obtained a protective certificate after the court heard he was \u201cfirmly insolvent\u201d, with debts of \u20ac27.7 million. The certificate, obtained late last month, protects him from his creditors for 70 days. <\/p>\n

On Monday, lawyers for lenders Herbert Street Finance and Cabriz Finance \u2013 who are owed \u20ac2.3 million and \u20ac8.7 million, respectively, by McKillen jnr \u2013 told Judge Nessa Cahill their clients had issued applications to set aside the protective certificate.<\/p>\n

Bernard Dunleavy, counsel for Herbert Street Finance with barrister Niall \u00d3 hUiginn, said his client\u2019s application comes amid concerns regarding an alleged \u201cabsence of detail\u201d in information provided by McKillen jnr in his application for a protective certificate.<\/p>\n

Dunleavy pointed to a recent judgment, in which Judge Liam Kennedy struck down an attempt by McKillen jnr to set aside a bankruptcy summons issued by Herbert Street Finance over the debts owed to it.<\/p>\n

Dunleavy described the judgment as noting \u201cinconsistencies and silence\u201d in information provided by McKillen in the context of that application. He submitted his client had observed this pattern again in McKillen\u2019s application for a protective certificate.<\/p>\n

\"\"Microsoft president Brad Smith: Ireland is \u201cwell-positioned for future of AI\u201d<\/p>\n

Dunleavy also submitted McKillen jnr\u2019s affairs were \u201ccomplex\u201d, and said there were \u201cunusual\u201d features to his arrangement with his mother and wife, which elevates them in the list of his creditors. The court previously heard McKillen jnr owes \u20ac2.9 million to his wife, Edel McKillen, and \u20ac1.8 million to his mother, Maura McKillen.<\/p>\n

Dunleavy said his side was seeking directions that McKillen jnr provide further written evidence with \u201cappropriate disclosures\u201d relating to his affairs. He said his side was prepared to reply to such evidence within three days. <\/p>\n

Martin Scanlon, barrister for Cabriz Finance, said his client was agreeable to Herbert Street Finance\u2019s suggestion. <\/p>\n

[\u00a0Paddy McKillen jnr built a hospitality empire \u2013 now the man with \u20ac270 in the bank owes \u20ac27.7mOpens in new window<\/a>\u00a0]<\/p>\n

Keith Farry, appearing for personal insolvency practitioner Eugene McDarby, said he was agreeable to the suggested directions. He said his instructions were that McKillen jnr stands over his financial statement provided to the court, and that it was truthful and accurate. He said was happy to engage with further details required by creditors. <\/p>\n

The judge made directions allowing for the filing of affidavits, and adjourned the case to next month. <\/p>\n

Earlier this month, McKillen jnr, of Torquay Road, Foxrock, Dublin, consented to a judgment against him over the \u20ac2.3 million debt owed to Herbert Street Finance. <\/p>\n

McKillen jnr\u2019s lawyers told the court that he was conceding the claim for the debt, in circumstances where he was seeking a personal insolvency arrangement.<\/p>\n

McKillen jnr was the co-founder of the hospitality group Press Up<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Paddy McKillen jnr has stood over financial statements provided to the High Court as part of his bid…\n","protected":false},"author":2,"featured_media":659619,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[72,73,61,60,59971,68432],"class_list":["post-659618","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-high-court","tag-ie","tag-ireland","tag-paddy-mckillen-jnr","tag-press-up-hospitality-group"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/659618","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=659618"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/659618\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/659619"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=659618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=659618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=659618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}