The High Court has granted heavily indebted businessman Philip Marley a last-minute reprieve from bankruptcy with a second throw of the dice on insolvency protection.
Last Monday, the developer secured a further 70 days’ breathing space from his creditors with an application for a debt settlement arrangement (DSA) aimed at writing down borrowings of €18.7 million.
The move followed a failed personal insolvency application (PIA) by the 47-year-old which was roundly rejected by all of...
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