Mother to lose her home over mortgage difficulties

A mother and daughter face losing their home, valued at €55,000, after the High Court upheld objections by a financial services firm to her proposed personal insolvency arrangement (PIA).

The PIA was opposed by Pepper Finance Corporation (Ireland) DAC, which held a debt of €151,975 secured on the woman's home in Co Tipperary.

The woman, a part-time book- keeper, hoped the PIA would mean she could stay in her home, but Pepper’s opposition led to it being voted down at a creditors’ meeting in June 2016. She has total debts of €166,643 and her other creditor, Affinity Credit Union Ltd, supported the PIA.