Estranged couple to write off €2.8m debts as court approves insolvency deal

Court told creditors would do better from the PIAs being approved than if the separated couple were declared bankrupt

In total, the Cannings had debts of €3.2m, mainly to BOI, €2.8m of which was unsecured.

A personal insolvency arrangement (PIA) has been approved by the High Court allowing a separated couple to write off over €2.8m of debts owed.

On Monday, Mr Justice Alexander Owens approved PIAs for Bernadette Canning, of Monknewtown, Slane, Co Meath, and Graham Canning, of Ledwidge Hall, Slane, Co Meath.