High Court approves arrangement writing off Mark Quinn’s €8.9m debt for over €50,000

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

The High Court approved a debt settlement arrangement for company director Mark Quinn, writing off €8.9 million owed to Everyday Finance DAC in return for a lump-sum payment of over €50,000. The arrangement will run for 12 months.

The debt arose from loans for property acquisition, later acquired by Everyday Finance. The court heard that the creditor would do better under the arrangement than if Quinn were adjudicated bankrupt. The proposal was not opposed.