The High Court has heard that Mick Wallace is trying to save his family home as part of proceedings to have him declared a bankrupt.
Lawyers for the Independent TD have also revealed that he is looking at possible alternatives to bankruptcy.
Promontoria Limited is an Irish subsidiary of Cerberus – which came to public attention last year during allegations made in the Dáil by Mick Wallace in relation to the purchase of a Northern Ireland loan portfolio from NAMA.
A 2m Ulster Bank loan to Deputy Wallaces construction company was assigned to Promontoria in 2014 and called in last year.
A summary judgement was made against the Wexford TD when it wasnt repaid and Promontoria are now trying to have him declared a bankrupt.
Keith Farry, whos acting…
Read the full article at: https://www.breakingnews.ie/ireland/mick-wallace-attempting-to-save-family-home-in-bankrupcy-proceedings-767194.html