2021-04-29 · Limerick
Proposal that pensioner make mortgage repayments until she is 98 is rejected
In a High Court hearing, Mr Justice Mark Sanfey refused to approve a Personal Insolvency Arrangement (PIA) proposed by 69‑year‑old Ann Fennell, who owes Ulster Bank €72,500. The PIA would have extended her mortgage repayments to 348 months, meaning she would continue paying until age 98. The judge found that such a term would likely exceed the…