Couple ‘misled by adviser’ have bankruptcy annulled

The bankruptcy of a couple, who claim they were misled by a financial adviser and should never have been declared bankrupt in the first place, has been annulled.

In the first case of its kind since new bankruptcy laws came in to being, Ms Justice Caroline Costello at the High Court yesterday made orders annulling the bankruptcy of Martin Byrne and his wife Catherine White Byrne.

Earlier this year, the couple, from Knocknaveigh, Virginia, Co Cavan, were adjudicated as bankrupt by the High Court after being advised to do so by a financial advisor they consulted.