DONEGAL BUSINESSMAN ORDERED TO PAY BANKS MASSIVE €12M!

first_imgOne of Donegal’s best-known and most-respected businessmen has been ordered to pay back a staggering €12 million to the banks.Letterkenny man Brendan Gildea has been battling with National Irish Bank for a number of months in the courts.However the commercial court yesterday granted a summary order for almost €12 million against the developer to National Irish Bank. Another order for approximately €6 million was granted against Mr Gildea’s wife Tessie arising from the couple’s personal guarantee of the debts of their property company.There was no appearance by or on behalf of Mr Gildea, his wife Tessie and their company, Brendan Gildea Ltd (in receivership), all with addresses at Brookside Villas, Magherennan, Letterkenny, when the bank’s proceedings came before Mr Justice Peter Kelly at the Commercial Court yesterdayMr Gildea has been very ill for some time and could not appear at previous court cases because of his condition.He had been in business across Co Donegal for more than 30 years and built some of the most highly-regarded projects and housing states in recent years.EndsDONEGAL BUSINESSMAN ORDERED TO PAY BANKS MASSIVE €12M! was last modified: October 18th, 2011 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:BRENDAN GILDEANational Irish Banklast_img read more