Bar manager gets High Court approval for €7.4m debt write-off

Unsecured creditors, owed €7.1m of Oliver Flynn’s debts, will recover a 0.13% dividend under the scheme

Oliver Flynn's more than €7.7 million debt was made up primarily of unsecured debts, with these creditors recovering just €9,800 under the debt restructuring scheme. File photo

A bar manager has had nearly €7.4m in debt written off as part of a court-approved personal insolvency arrangement (PIA).

The High Court heard that Oliver Flynn (59), who manages Wrights Bar Group in Swords, north Dublin, got into difficulty during the financial recession after investing in several properties.