High Court approves record €170m debt write-off for Cork dentist Barry Harte

Harte Holdings specialised in property investment and development in the hospitality and residential sectors in Ireland and London

Counsel said that Mr Harte's Co. Cork home does not form part of the arrangement as it belongs to his client's wife Ms Barbara Harte. File picture

The High Court has approved a Personal Insolvency Arrangement (PIA) allowing a former property developer and investor write-off approximately €170m of debt owed to parties including Nama and various financial institutions.

The PIA was made in favour of 55-year-old Barry Harte, from Timoleague, Bandon, Co. Cork, who is to provide a total of €80,000 to his creditors.