A former Cork dentist turned property developer has had a record 170 million in debt written off in a personal insolvency agreement (PIA).
It is the largest PIA ever approved by the High Court.
As part of the agreement, 55-year-old Barry Harte from Timoleague, Bandon, Co Cork is to provide a total of 80,000 to his creditors.
The court heard Barry Harte, who was originally a dentist, set up Harte Holdings in the 1990s. The company specialised in property investment and development in the hospital and residential sectors, mainly in Ireland and in London.
Barrister, Keith Farry, told the court the business was fuelled by loans from banks and private investors during the Celtic Tiger era. His property portfolio was worth around 650m at its …
Read the full article at: https://www.rte.ie/news/courts/2022/1128/1338807-high-court-barry-harte/