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Wed 10 Oct 2007Lynn may resort to bankruptcy law over €70m debtSolicitor Michael Lynn may use bankruptcy law to protect himself while he tries to resolve his financial difficulties and repay his debts, estimated at more than €70 million.The Commercial Court heard yesterday that Mr Lynn, whose legal practice was closed by the Law Society on October 15th amid allegations that he had taken multiple mortgages with several banks on the same properties, may seek the protection of the Bankruptcy Act in an effort to stop judgments being registered against him so he can repay his debts in an "orderly" way.
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