David Drumm has told a trial in Boston that he filled out his bankruptcy forms in 2010 - as best as he could.

Lawyers for the Irish Bank Resolution Corporation and the court appointed trustee are attempting to block his discharge from debt, claiming Mr. Drumm transferred assets to his wife in a bid to avoid paying creditors.

Between 2008 and 2009 David Drumm transferred almost 1.2 million dollars to his wife Lorraine’s accounts, before filing for bankruptcy in the US with debts of more than ten million euro in 2010.

 

 

 

 

 

 

When quizzed this morning by lawyers for IBRC about why he failed to mention some of the transfers in initial bankruptcy filings, Mr Drumm testified that he "completely forgot"

Lawyers for IBRC told the court that it couldn’t "reasonably accept" the excuse that Mr Drumm made mistakes on basic forms - given his training and experience.

The trial continues.