Revenue in attempt to overturn Longford car dealer’s UK bankruptcy status
A north Longford car dealer is facing an unprecedented attempt to overturn his bankruptcy status in Northern Ireland, a court has heard.
John Alex Kane, who has had an address at Granard, Co Longford, is said to have owed nearly €5m in unpaid taxes.
It is believed to be the first time the Office of the Irish Revenue Commissioners has sought to annul a bankruptcy secured outside its borders, as lawyers for the Revenue Commissioners brought a challenge to the validity of the order made against Mr Kane. An order rescinding the earlier determination was made at the High Court in Belfast last week.
The case is understood to hinge on whether he lives and works in NI and comes after the motor trader was declared bankrupt in Belfast in June.
Under UK insolvency law the period of bankruptcy typically lasts for a year compared to the much more lengthy term of up to 12 years in the Republic.
Press were excluded from the hearing in Belfast last week due to objections raised by Mr Kane. Further proceedings will now take place in January in an effort to reach a final resolution.
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Weather for Longford, Ireland
Thursday 23 May 2013
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