Irish Bank Resolution Corp. of Dublin, formerly Anglo Irish Bank Corp., filed a chapter 15 bankruptcy petition in Delaware yesterday to protect U.S. holdings, listing more than $1 billion each in assets and debt, Bloomberg News reported yesterday. Ireland’s government put the nationalized lender Irish Bank Resolution Corp. into liquidation in February under a plan to restructure its 34.7 billion-euro ($46.3 billion) bailout. The previous administration gave the bank through 2020 to wind down. The bank was seized by the state in January 2009 as its bad loans soared following the collapse of the nation’s real estate market. Its remaining loans were valued at 16.6 billion euros in June 2012, excluding 10.9 billion euros of provisions for future losses, according to its most recent set of public accounts. Its peak loan book stood at over 70 billion euros in 2008.
