Man gets €223,000 mortgage write-down

A Co Clare stone-mason has secured a €223,000 write-down on his €346,390 family home mortgage as part of a Personal Insolvency Arrangement (PIA)

The write-down by KBC Bank has been approved by one of the State’s six personal insolvency judges, Judge Michael Meaghan.

At Ennis Circuit Court, Judge Meaghan approved the PIA for the 59-year-old man. Earlier this year, Judge Meaghan granted court protection to the man who had debts from the property collapse totalling €2.3m.