Sean Quinn Junior is close to purging his contempt of court.

The son of the bankrupt billionaire who spent 3 months in jail for breaching a court order has received an offer to buy the luxury Dublin apartment owned by him and his wife Karen Woods.

The High Court has heard the sale of the property will generate around €420,000 which will be used to make amends for his contempt.

The businessman was found to have facilitated a US$500,000 handout to a former director of the Quinn International Property Group in the Ukraine.