McFeely, who served 12 years in the Maze Prison for shooting an RUC officer in Derry, spent 53 days without food during the 1980 hunger strikes.
On his release in 1989 he went to Dublin and worked on building sites, where he made his fortune in land deals and property developments - eventually buying a former embassy on Dublin's leafy Ailsbury Road.
The Derry-born builder was made bankrupt in London earlier this year, but it was challenged by Theresa McGuinness, from Rush, Co Dublin, who told the court that proceedings were already active against him in Ireland.
McFeely claimed the legal challenge to his UK bankruptcy breached his rights as a British citizen - and maintained he was not a citizen of the Republic of Ireland.
"As a British citizen, I have always objected to being forced into bankruptcy in a foreign jurisdiction purely on the basis that I have a judgment liability in that state," said the former IRA man.
The High Court in London recently overturned the bankruptcy order issued in January and the action in Dublin continued.
http://www.independent.ie/national-news ... 86336.html