Court archive

Court reports mentioning Blacklion, Cavan

2022-04-04 · Cavan

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, Start Mortgages and Everyday Finance will receive a lump sum of €10,000 over three months. The man's principal private residence and a BMW X5 vehicle used for work will be retained, with the mortgage to be restructured. AIB initially objected to the arrangement but subsequently withdrew its opposition. The practitioner stated that approval represented a better outcome for creditors than bankruptcy proceedings and would permit the debtor to resolve his indebtedness.

2019-11-28 · Cavan

Liquidator (72) jailed for stealing compensation money owed to worker

Sean O'Neill, a 72‑year‑old liquidator from Wicklow, pleaded guilty in the Dublin Circuit Criminal Court to stealing €28,530 that had been transferred into his bank account by the Department of Social Protection under the insolvency payment scheme. The money was owed to a former employee of a Galway restaurant that had gone into liquidation. O'Neill had transferred €15,000 to the employee but never passed on the remaining balance. He was charged in July and, after a guilty plea and cooperation, brought €18,000 to court. Judge Martin Nolan, noting the breach of trust and O'Neill's lack of prior convictions, imposed a two‑year custodial sentence, suspending all but the final five months. He ordered the €18,000 to be paid to the relevant party. The case highlights the duty of liquidators to act honestly and the consequences of failing to do so.