The High Court has approved personal insolvency arrangements (PIAs) that will allow a retired couple, one of whom requires the use of a wheelchair, to retain their Co Wexford home.
In a judgement approving PIAs in respect of Edward and Nuala McCarthy, who are aged in their 70s, Mr Justice Alexander Owens said the couple had got into financial difficulties in paying their mortgage due to their ill health.
Approval for the PIAs was sought by the couple’s personal insolvency practitioner, who was represented in the proceedings by barrister Keith Farry BL.
The couple reside at their family, a bungalow located at Slaney Ash, Barntown, Co Wexford, which they built after they returned to Ireland from the UK.
Their home is valued at 350,000 and…
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