A row with Revenue over attempts to offset capital gains from the €7 million sale of the Bodega bar in Cork led to a bankruptcy petition against publican and restaurateur Jay Bourke, according to a proposed insolvency settlement put forward by the businessman. Upward only rent reviews are also blamed for the entrepreneur losing five of his businesses, including Bewleys on Grafton Street, currently controlled by the property developer Johnny Ronan. Bourke, a veteran of the hospitality industry, this week applied to the High Court to approve a write down of around €12.5 million in personal debt, in a six…

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