Judge ‘taken aback’ by Marley demand for €18.7 million debt write-off

Developer’s latest attempt to avoid bankruptcy follows rejected personal insolvency arrangement

20th January, 2019
Phillip Marley: the businessman has already failed to secure a personal insolvency arrangementPicture: Courtpix

A High Court judge has raised concerns about apparent conflicts in the financial statements of troubled businessman Philip Marley who has made an eleventh- hour bid to ward off bankruptcy.

Last week, Mr Justice Denis McDonald said he was “taken aback” by the 47-year-old’s application for a debt settlement arrangement (DSA) to write down borrowings of €18.7 million.

The property developer’s latest attempt to ward off creditors and resolve his hefty...

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