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
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 ...
