How To Recover Debt And Assests In The Most Complex And High-stakes Cases

• Jurisdiction: United States,Federal
• Author: IR Global
• Law Firm: IR Global
• Published date: 10 February 2023

By the time the walls of Ireland's famous Walford home were coming down, creditors and the Bankruptcy Trustee had already been in court for over ten years seeking to recover assets owed to them by the property's predecessor. "The owner filed bankruptcy in the U.S. and attempted to protect 100 million euros of assets by transferring them to his wife in Ireland, Switzerland, South Africa, the UK and the United States, making this an international cross border matter," says Thomas H. Curran, managing partner of Curran Antonelli, who represents the claimants, Chapter 7 Bankruptcy Trustee Richard M. Coan in the bankruptcy case commenced by the former prominent Irish real estate developer Sean Dunne.

After the collapse of the Irish real estate market, Dunne and Killilea moved to Greenwich, Connecticut leaving Dunne's Irish lenders and other creditors with almost one billion Euro in debt. After the Irish bank restructuring agency known as NAMA commenced suit against Dunne and Killilea in Connecticut state court, Dunne filed for bankruptcy in early 2013. The Trustee's avoidance and recovery action soon followed, and Trustee Coan engaged Curran Antonelli as his special counsel.

Under daily scrutiny by the press, Curran went toe-to-toe with several other law firms for years as he and his team skillfully argued cases in United...