Tuesday May 26, 2020

Marley granted last-minute reprieve from bankruptcy

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

24th February, 2019
Philip Marley: seeking debt settlement arrangements

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...

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