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.