herald

Wednesday 18 October 2017

I stand over defence of O'Donnells, says New Land League's Jerry Beades

Jerry Beades
Jerry Beades

The New Land League's Jerry Beades has insisted the group which was set up to help people whose family homes were under threat were right to represent the O'Donnell family occupy their multi-million euro house on one of Dublin's most expensive addresses.

Mr Beades built up bank debts of almost €16m during his career as a developer, as revealed in the Herald last week.

The developer said that he is in the process of appealing all of it.

He said yesterday that he believes he made the right decision not to "skip off to England" for bankruptcy.

READ MORE: Land League's Beades' stalled plan leaves site at 1916 home an eyesore

Mr Beades (56) said he hoped that the New Land League's representation of the high-profile residence of Gorse Hill on Vico Road would serve to highlight other eviction cases around the country - most notably in Limerick where banks are looking to repossess 219 family homes.

"If Gorse Hill this week put it on the map, thankfully Gorse Hill put it on the map," he said.

The Dubliner said that he first got to know solicitor Brian and Mary Pat O'Donnell - who owe €71m - when he went through a similar battle with the banks.

READ MORE: Land League crusader Jerry racked up €16m of own debts

"I was contacted by Brian O'Donnell when I defeated my bankruptcy in the courts," he said on RTE's Marian Finucane show.

"I was served with the legal proceedings on the day of my mother's funeral.

"I fought bankruptcy, I could get no legal advice. I was like the O'Donnells, I was going to lawyers - €150,000 brief fees to take you on, €3,000 a day.

"I parked that. I went in and challenged the bank and (the) judge ruled and dismissed my bankruptcy.

READ MORE: Andrew Lynch: New Land League is a far cry from Davitt's vision

"Two weeks later Ivan Yates went in on the exact same grounds, he got his bankruptcy dismissed and he skipped to the UK.

"I was actually going to go to the UK to bankrupt myself. I thought 'hold on a second, this is not right.'

"I decided to stand my ground in the country where I earn my living and defend myself. I got a fair judge who ruled and dismissed my bankruptcy."

The Herald earlier revealed details of the stalled development built by Mr Beades that is now a concrete eyesore.

He planned to open a large apartment complex beside the historic Fairview home of one of the leaders of the 1916 Rising, Thomas Clarke, but ran out of cash.

hnews@herald.ie

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