The High Court has approved a Personal Insolvency Arrangement allowing a 59-year-old man to write off more than €19 million of his debts.
His creditors include Bank of Ireland, which was owed the bulk of his debt of more than €15 million, AIB, the Revenue Commissioners, Start Mortgages and Everyday Finance. His principle private residence was excluded from the PIA, but that property will be retained. The mortgage on the property is to be restructured.
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Move to write off bulk of Jay Bourke’s €13.7m debts withdrawnCourt seeks explanation of Revenue debt position after objection by Pepper Finance IrishTimes If you owe the revenue £137, that's your problem If you owe them £13.7 million, that's their problem. Good call. May he have to sell all his assets to clear his debts. Another over privileged Celtic tiger wannabe who's fallen on his face What comes around goes around 😂👍
Source: IrishTimesBiz - 🏆 6. / 77 Read more »
Move to write off bulk of Jay Bourke’s €13.7m debts withdrawnCourt seeks explanation of Revenue debt position after objection by Pepper Finance IrishTimes If you owe the revenue £137, that's your problem If you owe them £13.7 million, that's their problem. Good call. May he have to sell all his assets to clear his debts. Another over privileged Celtic tiger wannabe who's fallen on his face What comes around goes around 😂👍
Source: IrishTimesBiz - 🏆 6. / 77 Read more »