Roscommon man sees €1.1m in debt written off under insolvency arrangement

The High Court has approved a Personal Insolvency Arrangement for a 52-year-old man from County Roscommon, enabling him to retain his family home while writing off more than €1.1 million in debt. Mr Justice Alexander Owens granted the order following an appeal by a Personal Insolvency Practitioner after the Circuit Court had refused to approve the arrangement. The debtor incurred significant financial difficulties…