Paddy McKillen Jr. Faces Bankruptcy Proceedings Over €2.1 Million Debt Dispute

Businessman Paddy McKillen Jr. Is contesting a bankruptcy summons issued by Herbert Street Finance Unlimited Company over an alleged debt of €2.1 million. The case, currently before the High Court, centers on McKillen Jr.’s denial of owing the stated amount, claiming any debt is limited to €20,000.

Background of the Dispute

The bankruptcy summons was initially issued in late January 2026. Herbert Street Finance alleges the debt stems from McKillen Jr.’s agreement to cover the obligations of Cool Dust Ltd, up to a maximum of €3 million. The creditor claims to have received €2.3 million in partial payments, leaving a balance of approximately €2.14 million, plus daily interest of around €533 accruing since November of last year.

McKillen Jr.’s Defense

Represented by barrister Keith Farry, McKillen Jr. Is seeking to set aside the summons, arguing the alleged debt is overstated and potentially invalid. Farry indicated the defense will raise questions about the provability of the debt and its overall accuracy. He requested time to respond to a sworn statement from Herbert Street Finance.

Creditor’s Position

Niall Ó hUiginn, representing Herbert Street Property Finance Unlimited Company, expressed a desire to expedite the proceedings. He stated that the issue of debt provability had not been previously raised but assured the court his side would address it.

Court Proceedings and Next Steps

Judge Liam Kennedy has directed the exchange of affidavits and submissions from both parties. The matter is scheduled for mention on April 13, 2026, with a hearing date for the set-aside application expected to be determined at that time.

Who is Paddy McKillen Jr.?

Paddy McKillen Jr. Is a prominent figure in Dublin’s hospitality sector, known for developing and operating numerous restaurants and entertainment venues over the past two decades. He co-founded Press Up, which grew to include over 50 venues and 2,000 employees. In September 2024, Cheyne Capital acquired a majority stake in Press Up, rebranding it as Eclective Hospitality Group. Since then, McKillen Jr. Has faced multiple legal judgements from various firms.

Sources: Irish Times, Independent.ie, Press Reader, Business Post