Homes facing repossession after judge refuses man's personal insolvency plan following fund objection

A High Court judge has refused to approve a personal insolvency arrangement for a self-employed father of two whose current family home is subject of a possession order and who has an interest in two other properties.

Mars Capital Ireland No 2, owed more than €800,000 under mortgages on two properties in Co Louth and Co Dublin jointly owned by the man and his ex wife and valued respectively at €220,000 and €230,000, had objected to the proposed arrangement (PIA).