A former quarry operator has had a €60m debt write-off approved by the High Court - the largest ever under personal insolvency legislation. A former quarry operator has had a €60m debt write-off approved by the High Court - the largest ever under personal insolvency legislation. The 46-year-old will retain his family home in Ennis, Co Clare, valued at €230,000, under his personal insolvency arrangement (PIA). His creditors will receive a lump sum of €56,300 under the arrangement, devised by personal insolvency practitioner (PIP) Jim Stafford. In an affidavit, Mr Whelan said that if the PIA application had failed, he would have petitioned for bankruptcy.

Source: Irish Independent January 20, 2020 15:11 UTC