The High Court has granted businessman Paddy McKillen jnr a protection certificate that will protect him from his creditors for 70 days.
Barrister Keith Farry, appearing for personal insolvency practitioner Eugene McDarby, successfully applied for the certificate for the businessman, co-founder of the Press Up hospitality group.
Farry told Judge Michael Quinn that McKillen jnr, of Torquay Road, Foxrock, Dublin, was “firmly insolvent” and had liabilities of €27.7 million. He has just €270 in his bank account, Farry said.
McKillen jnr, who was not in court, owes €2.9 million to his wife Edel McKillen and €1.8 million to his mother Maura McKillen, the court heard.
McKillen jnr’s liabilities total €27,710,644.51 while he has…