Debt settlement arrangements allowing people who got into financial difficulties to write-off millions of euro worth of unsecured debt mainly owed to financial firms have been approved by the High Court.
On Monday, Mr Justice Alexander Owens approved the unrelated arrangements.
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The judge approved a debt settlement arrangement (DSA) allowing Co Louth-based chartered accountant Brian Carrig to write off over 5 million in debts for a payment in the region of 20,000.
The court heard that Brian Carrig, a 51-year-old self-employed accountant from Ashfield, Drogheda,Co Louth, sought the DSA after a Dublin city-based pub business he was involved in got into financial difficulties.
Keith Farry Bl, for Mr Carrig’s Personal Insolv…
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