Image: /Photocall Ireland Image: /Photocall Ireland A JUDGE HAS ruled that a creditor may repossess the €900,000 of restaurateur Ronan Ryan and his wife, former Miss Ireland Pamela Flood.
Today’s judgment means that Tanager, through the sheriff, can take immediate possession of the property if it wishes. Judge Linnane refused the couple a seven-day stay to facilitate consideration of an appeal of her decision to the High Court. She said that when they both, with legal advice, signed an undertaking to hand over their home and leave it on or before 9 July, they had been granted a four-months stay to allow them find alternative accommodation.
“That would not be in the public interest. Judges depend on a daily basis on full disclosure being made to them and often set aside ex-parte orders if it later transpires there was non-disclosure of any material information,” she said. At that stage the debt had risen to €1.25 million and it seemed the estimated value of the property was €900,000. The couple had not made any repayments on the mortgage for almost nine years and today Judge Linnane awarded all legal costs against them.