Paddy McKillen Jr. Secures 70-Day Court Protection Amid €27.7m Debt
The High Court issued a protection certificate for Paddy McKillen Jr., shielding him from creditors for 70 days as he faces €27.7 million in liabilities.
In a recent High Court hearing, barrister Keith Farry successfully applied for a protection certificate on behalf of Paddy McKillen Jr., granting him a 70-day shield from creditor actions. The court was told McKillen is "firmly insolvent" with total debts of €27.7 million and a bank balance of merely €270. Specific obligations include €2.9 million owed to his wife Edel and €1.8 million to his mother Maura.
The court had previously dismissed McKillen's bid to set aside a bankruptcy summons issued by Herbert Street Finance, finding no abuse of process. Press Up, the hospitality venture McKillen co-founded, suffered six-figure losses before London-based Cheyne Capital assumed control through a debt-for-equity swap in September 2024, rebranding the chain as Eclective. The protective order provides a temporary reprieve while the insolvency proceedings continue.
Why it matters
The court order gives McKillen a brief reprieve, highlighting the financial strain on a high-profile Irish hospitality entrepreneur.
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