Court approves woman's mortgage being halved after husband developed gambling problem

A personal insolvency arrangement involving a €343,785 mortgage debt being written down by more than half has been approved by the High Court for a woman who ran into mortgage arrears due to her husband's gambling problem.

Permanent TSB had objected to the PIA, insisting the proposed write down of some €343,785 to €160,000 - the current agreed market value of the woman’s home - was “draconian”.