Couple allowed to write off more than €12m in debt

Husband and wife property developers Kevin Brophy, 72, and Jacinta Rochford, 67,  together owed more than €10.8 million. Mr Brophy had further unpaid loans of some €2.9 million.

The High Court has approved personal insolvency arrangements (PIAs) allowing a couple of pensioner age to write off most of their multi-million-euro debt.

Husband and wife property developers Kevin Brophy, 72, and Jacinta Rochford, 67,  together owed more than €10.8 million. Mr Brophy had further unpaid loans of some €2.9 million.