The case, which will now be heard by the High Court, has implications for hundreds of others, with some observers warning the future of a key part of Ireland’s insolvency regime may hinge on the outcome.
The Circuit Court ruled earlier this month that debtors’ personal insolvency practitioners (PIPs), and not debtors themselves, must seek court reviews in situations where banks veto a proposed personal insolvency arrangement (PIA).
Judges have the power to overrule banks which veto PIAs under measures introduced in 2015 to tackle mortgage arrears and slow the tide of repossessions.
But following the decision by Judge Susan Ryan, the Association of Personal Insolvency Practitioners (APIP) said it believed PIPs would no longer l…
Read the full article at: http://www.independent.ie/irish-news/courts/couple-appeal-ruling-blocking-their-challenge-to-lenders-debt-deal-veto-36137537.html