Enda Patrick Whelan’s €60m debts written down in insolvency deal

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

Enda Patrick Whelan had a Personal Insolvency Arrangement approved by the High Court on 20 January 2020, writing down almost all of his nearly €60m debts. He is to pay creditors approximately €50,000 under the arrangement.

The arrangement followed objections from National Asset Loan Management, which later consented after amendments. Creditors are expected to receive between 1.3 cents and 0.01 cent for each euro owed, while Mr Whelan and his family retain their principal private residence.