Assumpta Gaffney wins €4.2m debt write-off in High Court

This report is a localnews.ie summary based on public court reporting and records; sources are listed below.

Assumpta Gaffney had a Personal Insolvency Arrangement approved by the High Court, allowing about €4.2 million in debt to financial institutions to be written off; the report was published on 3 November 2021.

The arrangement lets her retain her family home in Waterfall, Co Cork, with mortgage repayments continuing after the mortgage was restructured. It also provides for a €50,000 payment to creditors over the 12-month arrangement and the surrender of two properties in Ballykisteen, Co Tipperary, for sale.

The report says there were no objections to the arrangement.