Isaac Allen tells High Court he does not have sufficient income to settle his tax debt
Isaac Allen , husband of the celebrity chef Rachel Allen, has been declared bankrupt after telling the High Court he was not in a position to pay of an income tax bill of €484,838.
Other assets listed include a 2007 Audi car with a value of €5,500 and cash in the bank of €500. The couple sold their home some years ago. Mr Allen gives his address in his filings to the High Court as Shanagarry, Co Cork. However, Mr O’Callaghan advised him that a debt settlement arrangement would not be appropriate given his income and advised that he should petition for bankruptcy. The petition has now been approved.
Another member of the well-known Allen family, Fern Allen, and her husband Eoin Little, got into financial difficulties some years ago and entered into personal insolvency arrangements.
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