Pursuits
Ex-Anglo Irish CEO’s House Sold in Bankruptcy for $3.9 Million
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The trustee liquidating former Anglo Irish Bank Corp. Chief Executive Officer David K. Drumm’s assets to help pay creditors owed more than $14 million received court approval to sell his waterfront home for $3.9 million.
U.S. Bankruptcy Judge Frank Bailey in Boston authorized the sale of the Cape Cod property in an order dated Oct. 4. It’s being bought by Three Sisters Trust, or its designee, and sold by Chapter 7 Trustee Kathleen Dwyer, according to the order.