By Ann O’Loughlin
A High Court ruling means good news for about 400 debtors anxious to pursue court reviews of creditors rejections of their proposed personal insolvency arrangements.
Ms Justice Marie Baker today rejected arguments by banks and other creditors that such reviews are exclusively a matter for a debtor’s personal insolvency practitioner (PIP) and she ruled the law envisages a role for the debtor in the process.
Addressing concerns by the Insolvency Service of Ireland (ISI) that, if the law required reviews be pursued by PIPs with no debtor involvement, then fear of incurring legal costs might discourage PIPs seeking reviews, she considered it would be “truly exceptional” to have costs awarded against a PIP.
About 400 insol…
Read the full article at: https://www.breakingnews.ie/ireland/high-court-ruling-brings-good-news-for-insolvent-debtors-wanting-to-pursue-reviews-of-creditor-rejections-826476.html
