Mr Carrig’s creditors included Everyday Finance and Cabot Finance, as well as a trade creditor, the court heard. That firm had gone into liquidation as a result of the Covid pandemic, leaving Mr Hoban in financial difficulties, counsel added. Mr Hoban is currently unemployed and has no source of income, counsel said. The DSA is to be paid over a period of 60 months and is aimed at returning Mr Hoban to solvency. Counsel told the court that Mr Desmond’s creditors will do better under the DSA compared to if he was adjudicated a bankrupt.

Source: The Herald October 02, 2023 16:02 UTC