Entries by suadmin

Court approves €6.1m debt write-off for Co Kildare couple

Thomas Flanagan and Jean Errity took loans for property development hit by planning difficulties. The High Court has approved a Personal Insolvency Arrangement allowing a couple to debt write-off more than €6 million off their debts. Mr. Justice Denis McDonald said he was satisfied with the arrangement sought on behalf of Thomas Flanagan, a retired […]

Debtors keep homes as court accepts insolvency deals outside guidelines

Landmark court ruling rebuffs AIB and Bank of Ireland’s efforts to block Personal Insolvency Arrangements. A High Court judge, in a significant decision concerning the effect of “reasonable” living expenses guidelines in Personal Insolvency Arrangements, has approved separate insolvency deals aimed at ensuring a couple and their four children, and a separated mother of three, […]