Written answers
Wednesday, 6 October 2010
Department of Finance
Asset Transfers
8:00 pm
Chris Andrews (Dublin South East, Fianna Fail)
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Question 169: To ask the Minister for Finance if he will confirm that all transfers of assets by a person (details supplied) to members of their family in the past six years before they were declared bankrupt will be investigated and set aside where any transfer was made with a view to avoiding obligations owed to creditors. [35240/10]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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As the Deputy will appreciate, this matter relates to a specific individual as such I am obliged to respect all clients' confidential relationships with their respective banks. The Deputy will be aware that the financial affairs of the individual referred to are currently subject to court proceedings and as such it would not be appropriate for me to make any further comment on the matter. The Official Assignee has powers under the relevant legislation to investigate any transactions prior to the declaration of insolvency. It is therefore a matter for the Official Assignee and the Courts to consider any relevant matters related to the Deputy's question in this case.
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