Courts / Meath / Report
PIA will allow Meath couple to write off €2.6m in debt
Summary
The High Court approved a Personal Insolvency Arrangement for Thomas and Valerie Johnson, a couple from Co Meath, allowing them to write off over €2.65 million in debt mainly owed to financial funds. The arrangement, lasting 12 months, lets the couple keep their family home at Liscannor Lodge, Drumree Road, Dunshaughlin. Their mortgage will be restructured with a €200,000 lump‑sum payment, and they will pay €1,500 toward unsecured debts. The court, presided over by Mr Justice Alexander Owens, approved the application submitted by Keith Farry BL on behalf of the couple's insolvency practitioner.
Who, what, where, when and why
What: Report matter: PIA will allow Meath couple to write off €2.6m in debt. Procedural stage: hearing_or_decision
When:
- 2024-04-22 Publication
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