Cork car sales executive fails to get approval to write off €190k debt

Keith Cremin got into financial difficulty when the motor business he established in 2006 struggled due to the economic recession in 2008

Keith Cremin, the judge said, has no other pressing insolvency issues and the application for a PIA was at best "premature". File photo: Larry Cummins

The High Court has declined to approve a personal insolvency arrangement that would have allowed a car sales executive to write off approximately €190,000 in debt mainly owed to financial institutions.

The PIA was sought in respect of Keith Cremin of Subulter, Cecilstown, Mallow, in Co. Cork.