Special report: High profile debt deals are the tip of the iceberg

DJ Carey's debt deals made headlines, but many ordinary people have benefited from the insolvency process, say experts

Rory McIlroy shakes hands with Jonathan Sexton, alongside DJ Carey.  Carey’s fondness for golfing trips in the US at the same time he was playing the poor mouth gave rise to one question: ‘why is it one rule for him and another for the rest of us?’  Picture: Ramsey Cardy/Sportsfile

When it emerged in February that Kilkenny hurling legend DJ Carey had seen the majority of close to €10m in loans written off in 2017, the general public reaction was one of collective outrage.

It subsequently emerged that Carey’s writedown was closer to 80% than the 99% originally reported, given a number of investment properties he had owned had been sold as part of the deal reached with lender AIB.