Statement from IBRC re Sean Quinn Bankruptcy Application

IBRC notes Sean Quinn’s application in Belfast for bankruptcy in the United Kingdom. Mr Quinn and his family, who live in Co Cavan, owe the Irish State, through IBRC almost €2.9 billion. The Bank is examining the validity of this application for bankruptcy in the light of Mr Quinn's residency and extensive business interests and liabilities within the State.  The mandate of IBRC is to recover as much of the debts as possible on behalf of the Irish taxpayer and IBRC will continue to pursue maximum recovery of his debt.

ENDS

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