Despite sympathy from Fine Gael colleagues, there is growing doubt that Minister for Small Business, Sligo/North Leitrim TD, John Perry, will be able to raise the €2.47m judgement against him.
Perry has until September 2 to deal with the judgment. If he is declared bankrupt he will have to resign as TD.
The Taoiseach has refused to comment on the case but other Fine Gael members have expressed sympathy for his plight.
Sinn Féin finance spokesman Pearse Doherty has asked the Taoiseach if Minister Perry briefed him on any potential conflict of interest between his personal business dealings and his role as junior minister for small business. However Mr Kenny declined to comment on the matter.