The High Court has approved a personal insolvency arrangement which would allow a woman to repay her mortgage until the age of 90. The decision came following an appeal from the Circuit Court, in which the judge was concerned that the PIA would leave the debtor in a precarious position at the end of the arrangement.
However, Mr Justice Mark Sanfey determined that the PIA was fair and appropriate in the circumstances. The court noted that the application was made under section 115 of the Personal Insolvency Acts 2012-2015, which had been given little judicial consideration compared to section 115A of the Acts. As such, the court provided useful analysis on the proper interpretation of a courts…
Read the full article at: https://www.irishlegal.com/article/high-court-personal-insolvency-arrangement-which-allows-a-woman-to-pay-mortgage-until-age-90-approved-by-court
