Builder has €19m in debt written off as court approves PIA

The High Court has approved a Personal Insolvency Arrangement enabling a 59-year-old building foreman from Blacklion, County Cavan, to write off approximately €19 million in debt. Mr Justice Mark Sanfey granted approval to the arrangement on Monday, following an application by the man's Personal Insolvency Practitioner. Under the terms of the PIA, creditors including Bank of Ireland, AIB, the Revenue Commissioners…