Retired solicitor, 81, who owes €485k to keep his home under new debt plan

High Court approves lifetime personal insolvency arrangement on €700k Dublin property 

The High Court heard the debts arose from the purchase of the family home in 2003.

An 81-year-old retired solicitor with €485,000 debts can remain in his family home in Blackrock, Co Dublin, under a lifetime personal insolvency arrangement (PIA) approved by the High Court.

The €700,000 Mount Merrion Avenue residence of Vivian Matthews will be sold if he and his co-borrower wife die before the end of the 15-year restructured mortgage term, when he would be aged 96, the court heard.