Businessman who failed to disclose sales of Lamborghini, Porsche and Mercedes cars strikes deal with creditors to settle debts

Businessman who failed to disclose sales of Lamborghini, Porsche and Mercedes cars strikes deal with creditors to settle debts

The Supreme Court

A businessman who faced questions from his trustee over his failure to report the sale of Lamborghinis, Mercedes and Porsches has struck a deal with creditors to settle his debts.

The deal, which saw lenders agree to repay just 40% of the money owed to them, led to Dublin-based Josef Edenstrasser being discharged from bankruptcy by the High Court last month.