A 67-year-old Co Meath widower has become the first distressed borrower to secure a court approved debt for equity swap designed to keep him in his home.
The Circuit Court decision, the first of its kind, is being hailed by the Insolvency Service of Ireland (ISI) as a “landmark” ruling, paving the way for dozens of other similar cases in the system.
Under the terms of the personal insolvency arrangement (PIA) approved last...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team