Nina McFeely, the wife of bankrupt developer Tom McFeely, was given seven weeks by a judge yesterday to find alternative accommodation following possession of their Ailesbury Road, Dublin, home being granted to Nama.
Judge Jacqueline Linnane in the Circuit Civil Court refused a longer stay which would have allowed Mrs McFeely and her two teenage sons to remain in the €10 million property while one of them completed his education over the next year.
Judge Linnane said that, taking into account the substantial amount outstanding to Nama and the circumstances of the family, she would grant a stay on the order for possession until August 1st.
She told barrister Martin Canny, counsel for the McFeelys, that, as far as the court was aware, Mr McFeely already had accommodation in London.
Michael McDowell SC, counsel for Nama, said Mrs McFeely, a joint defendant in the proceedings with her husband, had stated in an affidavit that it was her intention to appeal the possession order to the High Court.