The High Court has approved a personal insolvency scheme that will allow a 52-year-old man to write off approximately €1.38m in debt owed to a financial fund. In addition, Mr Jenkins a married man with an address at Newcastle, Tyrrellspass, Co Westmeath, will retain an eleventh property he owns, a house at Stonebridge Park, Rochfortbridge in Co Westmeath. Arising out of his debts Mr Jenkins applied, through his Personal Insolvency Practioner (PIP), for a PIA. At the High Court on Tuesday Mr Jenkin's PIP, represented in court by Keith Farry Bl, sought to have the amendments made to Mr Jenkins PIA approved by the High Court. He told Ms Justice Reynolds that the while a PIA had previously been approved by the High Court the application to the court was necessitated due to a material change in circumstances.

Source: Irish Independent September 14, 2021 16:30 UTC