Ireland: High Court writes off over €6 million in debt owed by retired garda and his wife - PressFrom - United Kingdom
  •   
  •   

Ireland High Court writes off over €6 million in debt owed by retired garda and his wife

08:30  21 september  2019
08:30  21 september  2019 Source:   thejournal.ie

Current Mr Ireland convicted of assaulting a taxi driver and refusing to pay fare

Current Mr Ireland convicted of assaulting a taxi driver and refusing to pay fare Current Mr Ireland convicted of assaulting a taxi driver and refusing to pay fare

THE HIGH COURT has approved a Personal Insolvency Arrangement allowing a couple to write off more than € 6 m of their debts . At today’s sitting of the court , Justice Denis McDonald said he was satisfied to approve the arrangement sought on behalf of Thomas Flanagan, a retired Garda , and his

The High Court has approved a Personal Insolvency Arrangement allowing a couple to write more than € 6 million off their debts . Mr Justice Denis McDonald said he was satisfied with the arrangement sought on behalf of Thomas Flanagan, a retired garda , and his wife Jean Errity, a civil

a large white building © Shutterstock

THE HIGH COURT has approved a Personal Insolvency Arrangement allowing a couple to write off more than €6m of their debts.

At today’s sitting of the court, Justice Denis McDonald said he was satisfied to approve the arrangement sought on behalf of Thomas Flanagan, a retired Garda, and his wife Jean Errity, a civil engineer, both of Hortland, Donadea, Co Kildare.

The couple had debts including €6.1m owed to Ulster Bank, €419,000 to Permanent TSB, €150,000 to a building company called MOF Construction Ltd, and €160,000 to Pepper Finance.

Have your say! Tell us what you think about Microsoft News

Former Garda in legal bid to find source of alleged smears on WhatsApp

Former Garda in legal bid to find source of alleged smears on WhatsApp An ex-garda has issued legal proceedings in a bid to find out the identities of former colleagues who allegedly defamed him in messages circulated via WhatsApp and Facebook. Keith Blythe wants Garda Commissioner Drew Harris to disclose the names of gardaí involved in the circulation of false material so that defamation proceedings can be issued against them. The material was spread via messaging apps in September last year in an apparent effort to smear Mr Blythe after he issued High Court injunction proceedings which had the potential to temporarily block the promotion of hundreds of gardaí.

The Tshwane council has written off almost R400- million in debt owed to the municipality by poor residents of the city. Briefly.co.za learned that The debt would only be written off under the condition that the residents begin paying their accounts. "This is designed to encourage the residents to take

A former garda who reluctantly retired from the force because of injuries he suffered when The assailant hit Mr Maguire several times on his chest before throwing him against the patrol car and “The court accepts that it was entirely reasonable in the interests of his health that he should seek to

As part of the PIA, the couple will retain their four bedroomed family home, valued at €430,000, and will continue to make mortgage payments on that property, and have been afforded reasonable living expenses.

To fund the couple’s PIAs, two investment properties owned by Mr Flanagan in Co Mayo will be sold, and the proceeds from the sale of Mr Flanagan’s share in a cottage in Co Galway he inherited from his parents will be used.

A lump sum of over €40,000 from family members will go towards the funding of the arrangements, the court heard.

Gallery: Biggest news stories of 2019 (Photo Services)

The couple’s Personal Insolvency Practitioner, John McCormack, represented in court by barrister Keith Farry Bl, had argued that the court should approve the arrangement, and the creditors would not be any better off if the couple were to be bankrupted.

The PIA was fair and equitable and maximised the couple’s full debt servicing ability, counsel argued.

The couple’s PIAs were opposed by Ulster Bank DAC, which had advanced loans for a property development project that did not materialise due to planning difficulties, and St Raphael’s Garda Credit Union, which was owed €7,500.

The bank had argued that the couple’s four-bedroomed house might be beyond their reasonable living accommodation needs and that they should seek alternative accommodation.

The couple had rejected the bank’s arguments.

In his ruling, Justice McDonald said he was satisfied to approve the PIA, and dismissed the objections raised by both Ulster Bank and the credit union. The judge said that the creditors would at worst do no better in a bankruptcy situation.

The court approval of the PIA’s did not amount to an injustice to the couple’s creditors.

The judge also said that the couple had already made several payments towards their debts adding that this was not a case where persons seeking a PIA had “thumb their noses at” those they owed money to.

MORE NEWS:

Youth stabbed at RDS college event (Independent.ie)

Premier League star jumped from hotel window wearing just his boxers, court told (Evening Standard)

Justin Trudeau dropped from talk show (Extra.ie)

Simon Coveney warns of 'civil unrest' (Business Insider)

Man (23) charged with shooting father of three to death in Dublin shopping centre car park .
A 23-year-old man has appeared in court charged with murdering father-of-three John Gibson in Dublin two years ago. Dressed in a white shirt, black hoodie and dark jeans, Matthew Bell was brought before Judge Gerry Jones at Dublin District Court shortly before noon.

—   Share news in the SOC. Networks
usr: 19
This is interesting!