Bankrupt builder who owed €1bn back living in his former home

misebogland

A TOP Irish developer who went bankrupt two years ago is living back in his former home in west Cork at weekends after his son-in-law bought back the property.

John Fleming looks set to become the first major Irish developer to make a dramatic recovery after writing off massive personal debts. His property empire collapsed in 2010 owing €1bn.

Mr Fleming, once one of Ireland’s top builders and a prominent supporter of Fianna Fail, led the way two years ago when he went bankrupt in Britain.

The one-time property baron was discharged from this bankruptcy last November after just a year. Under Irish law he would have had to wait up to 12 years.

An investigation by the Irish Independent has revealed that Mr Fleming now lives back in his former home in West Cork, when he is in Ireland after his son-in-law bought the house.

Mr Fleming…

View original post 107 more words

About Author Annette J Dunlea Irish Writer

Irish Writer Website: http://ajdunlea.webs.com/ Twitter: @adunlea Facebook: https://www.facebook.com/annettejdunleairishauthor
This entry was posted in Blogs And Blogging. Bookmark the permalink.