Personal Insolvency arrangements have been approved by the High Court that will allow former newspaper owner John Sheils and his wife businesswoman Susan Casey continue to make mortgage payments on their Co Kilkenny home until they are in their mid-eighties.
The approval, made by Mr Justice Mark Sanfey, will see the couple retain their family home Annamult House, in Bennetsbridge in Co Kilkenny which also doubles up as their business.
The house was destroyed following a fire in June 2009, but was rebuilt by the couple
The court heard that the couple use the 702 sq m (7,556 sq ft) house, which dates back to the 1700s for events including weddings. The primary secured creditor associated with their home is Start Mortgages DAC.
The court…
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