Liz Allen, a novelist and former journalist, has been declared bankrupt with debts of 3.7m after the High Court accepted she had no realistic prospect of repaying creditors. Allen, who became the Sunday Independent crime correspondent following the murder of Veronica Guerin, lost heavily on a series of property investments a decade ago.
Her statement of affairs shows Allen owed 3.2m to Bank of Ireland. It financed a property development by Allen and her estranged husband Andrew Hanlon, former director of news at TV3, in the mid-Noughties.
Allen and Hanlon bought a run-down bungalow in Killiney in 2006 for about 2.5m. They subsequently demoli…
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