Couple's bankruptcy set aside in first application of its kind

The High Court has annulled the bankruptcy of a couple from Knocknaveigh, Virginia, County Cavan, in what represents the first application of its kind since new insolvency legislation came into force. Ms Justice Caroline Costello set aside the bankruptcy orders for Martin Byrne and Catherine White Byrne, who had been adjudicated bankrupt earlier this year. The couple contended they were misled by a financial advisor…