Property developer allowed write off over €170m in debt in insolvency arrangement
The High Court has approved a Personal Insolvency Arrangement allowing a former property developer to write off approximately €170 million in debt. The 55-year-old developer, based in County Cork, established a property investment and development company roughly two decades ago, which accumulated significant liabilities following the 2008 economic downturn. Creditors including NAMA, Ulster Bank, Pepper Finance, Link…
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