Restaurateur Ronan Ryan and his wife, former Miss Ireland Pamela Flood, have vowed to leave their home after a 'vulture fund' moved to repossess it.
Mr Ryan told the Irish Independent that they would be "out before the end of the spring".
The Circuit Civil Court heard yesterday that Mr Ryan had not paid anything off his €1.1m mortgage for more than eight years...
...Mr Ryan said he had bought the house in 2005 for more than €900,000.
He said the mortgage was combined with other borrowings from Bank of Scotland, leaving a total of some €1.1m on which the house was secured.
The court heard yesterday that Bank of Scotland Ireland Ltd had granted Mr Ryan a 34-year mortgage of €1,105,000 to be paid back in monthly instalments of €4,434.
The loan had fallen into arrears now amounting to €281,111 and the total debt outstanding to Tanager was stated to be €1,207,904....
...Mr Ryan told the Irish Independent he was concerned that if Tanager did not get back all the money it was owed by selling the house, it could continue to pursue him for the remainder.
Mr Ryan used to own restaurants including Town Bar & Grill and South, but was hit financially by the 2008 recession. He currently runs a contract catering business.
Ms Flood, a former host of 'Off The Rails' television series and several RTÉ shows, was to have presented a TV3 documentary series about older mothers, but this was shelved after Virgin Media took over the station.