David Drumm bankruptcy trial due to be heard next May

US judge sets down five days starting on May 19th for the trial, according to filings

IBRC and the court-appointed officer overseeing David Drumm’s bankruptcy are trying to block the former banker’s discharge from bankruptcy. Photograph: Josh Reynolds

IBRC and the court-appointed officer overseeing David Drumm’s bankruptcy are trying to block the former banker’s discharge from bankruptcy. Photograph: Josh Reynolds

Tue, Nov 5, 2013, 01:00

The bankruptcy trial of former Anglo Irish Bank chief executive David Drumm to decide whether he can walk away from his debts with a fresh financial start will be heard next May.

US judge Frank Bailey has set down five days starting on May 19th for the trial of Mr Drumm, according to new filings submitted in the Massachusetts bankruptcy court.

After delays and postponements, the judge made the sixth pre-trial scheduling order in the long-running case last week, setting out a timetable of discovery, depositions and disclosures by witnesses over the coming months in the trial taken by Irish Bank Resolution Corporation, formerly Anglo, against Mr Drumm.

The State-owned bank, now in liquidation, and the court-appointed officer overseeing his bankruptcy are trying to block the former banker’s discharge from bankruptcy claiming that he fraudulently failed to disclose money and property transfers to his wife. Mr Drumm disputes the allegations.

The court has told the parties to prepare for the trial by exchanging all written discovery of information by February 1st and all discovery of information by expert witnesses by March 19th.