A financial fund is objecting to a proposed personal insolvency arrangement under which a businessman would secure a 70m write-off of debt. Conor Clarkson of Cainfort, Enniskerry Road, Stepaside, Dublin 18 is seeking to have his PIA approved by the High Court.
Promontoria (Arrow) Ltd, which says it is owed 64 million by the debtor, is objecting to Mr Clarksons PIA being approved on grounds it is prejudiced by the proposed arrangement. If the PIA is approved by the court it will allow Mr Clarkson, who was involved in property development, to return to solvency.
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