Two women to have debts totalling €1.2m written off after High Court overturns PIA refusal (via Independent.ie)

The Circuit Court had refused to approve the applicants’ Personal Insolvency Arrangements

Two women are each in line to have around €1.2m debt to financial fund Promontoria Oyster DAC written off after a High Court judge overturned a Circuit Court refusal to approve Personal Insolvency Arrangements (PIA).

In two separate judgments – unrelated cases – Mr Justice Mark Sanfey said he was satisfied to reverse refusals by the lower court to approve PIAs for Joan Moran Doyle of Coolroe, Ardattin Carlow and Linda Torpey of Ballinamona, Ballyneal, Carrick-on-Suir, Co Tipperary.

The Circuit Court had refused to approve the applicants PIA’s, which were formulated by Personal Insolvency Practioners (PIP).

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