Anglo Irish Bank's financial difficulties Quinn was pursued in 2010 for his loans from it, then about €2.8 billion secured on property worth much less. In April 2011 the loans were formally called, and an ongoing series of court cases are underway in several jurisdictions. In particular, his overseas holding company, Quinn Investments Sweden, was wound up in July 2011. In July 2011 Anglo Irish Bank was renamed as the Irish Bank Resolution Corporation (IBRC). It was found in late 2011 that some of the Swedish company's assets had been transferred to family-controlled companies in Cyprus, leading to a fresh round of litigation there. It was alleged by the liquidator that property owned in Russia worth $193m had been sold to a cousin, Peter Quinn, for $1,000 and a laptop computer. The Quinn family described the allegations as "baseless and hardly deserving of comment". Other property in Kyiv, Ukraine, that was 93% controlled from Sweden was the subject of further proceedings in December 2011. Separately, Quinn's wife and children have started legal proceedings in Dublin in 2011 alleging that the €2.34 billion that he borrowed from Anglo-Irish Bank to buy the bank should not be repayable because the money was lent for the unlawful purpose of supporting the bank's share price. He has been joined as a third party in the case. The Quinn Group liquidator's staff have said that since its liquidation in April 2011 an unusual amount of damage has been caused to the Quinn Group's property, and an executive's car was burnt out at his home. On 11 November 2011, Quinn said that he had applied for voluntary bankruptcy in Belfast, and issued a statement asking the media to consider his views as well as the bank's. The case was filed under his legal name of John Ignatius Quinn, using an address in Northern Ireland, and he admitted debts of €194m. Within days the IBRC said it would challenge the Belfast application in the commercial court in Dublin, alleging that Quinn had only used a Republic of Ireland address in directors' filings for 95 companies and none in Northern Ireland (at the time, personal bankruptcies lasted for 12 years in the Republic, but only for 1 year in Northern Ireland). However a check of the electoral register for County Cavan clearly showed Quinn registered as a resident of the Republic of Ireland, having a vote in all