Una and Margaret Kinsella have millions in debt written down

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

Una and Margaret Kinsella had personal insolvency arrangements approved by the High Court on 11 March 2020, writing down millions of euro in debt. The arrangements allow both sisters-in-law to retain their family homes while continuing mortgage payments and making €100 lump-sum payments.

Their total debts were reported as €8 million, including money owed to banks and Ennis Property Finance, an affiliate of Goldman Sachs. The arrangements provide for restructured mortgages, property sales and a return to solvency within 12 months; the court was told creditors would receive more than if the women were made bankrupt.