Julian Hall's house sold at auction
at auction for $640,000 last week.
His house was placed in the auction block because the mortgage had been foreclosed.
Mr. Hall is currently in the midst of a bankruptcy proceeding and his house, situated at 42 Mount Hill, Pembroke, was sold at auction on February 12.
A writ has already been filed under the Bankruptcy Act against Mr. Hall and it is understood that he has sought legal advice.
Paul Hubbard and John Boden, who recently won a lawsuit against Mr. Hall in Bermuda's Supreme Court for $1.6 million, have initiated the legal proceedings to have Mr. Hall declared bankrupt.
Mr. Hubbard's and Mr. Boden's victorious case involved Betty McMahon, the widow of Canadian millionaire Frank McMahon, who died in 1986 at the age of 83 in his Harbour Road, Paget home.
They won the lawsuit against Mr. Hall while acting "as next friends'' of Mrs.
McMahon.
Mr. Hall was ordered to pay the full amount filed in the writ -- $1,609,740.63 -- plus simple interest at seven percent by Chief Justice Austin Ward.
Accountants Mr. Hubbard and Mr. Boden are believed to be receivers for the McMahon estate.
