Lawyers for a private equity fund have asked for a protection order granted to former Miss Ireland Pamela Flood and her husband to be set aside.

Alternatively, they have asked the court to allow them to execute an order to repossess their Dublin home which they previously agreed to leave.

In a sworn affidavit read out today on behalf of Pamela Flood’s husband Ronan Ryan, he described their four-bedroom home in Clontarf as “modest.”

The court heard the couple owe €1.25m on the house, which is now valued at somewhere around €900k.

Rudi Neuman, counsel for private equity fund Tanager, informed the court that Mr Ryan had been granted an insolvency protective order.

This means his creditors can’t touch him for a certain period of time.

He said that was applied for with no mention of an agreement reached back in March whereby he consented to leaving the house on July 9th.

In return, the fund agreed to offset the debt on whatever the property, which is now in negative equity, sells for.

Mr Neuman described this as a “great deal” but Mr Ryan has now indicated his desire to pay the mortgage and stay in their home.

His lawyers claim the court doesn’t have the “inherent jurisdiction” to do what’s being sought.

The judge will deliver her decision at a later date.

Reporting from Frank Greaney ...