The High Court has approved a personal insolvency arrangement (PIA) providing for a 54-year-old woman to make mortgage repayments on her family home until she is aged 90.
Mr Justice Mark Sanfey approved the PIA in respect of Esther Kirwan from Moycarkey, Thurles, Co Tipperary. Ms Kirwan, a single woman and shop assistant who lives alone in a three-bedroom bungalow, has debts of 108,000. Of this, 83,000 is owed to Start Mortgages in respect of her mortgage on her home, valued at 145,000.
The remainder is owed to AIB for loans advanced to her former business and Revenue.
Terms
Under the terms of the arrangement her mortgage will be restructured. She will make monthly payments of 214 for the next 420 months to cover the interest on the mor…
Read the full article at: https://www.irishtimes.com/business/financial-services/court-allows-woman-to-pay-mortgage-on-family-home-until-she-is-90-1.4564391
