Midlands property developer Tony Diskin has secured High Court approval to escape almost 25 million in Celtic Tiger-era debts from his property development business.
Mr Justice Alexander Owens granted Mr Diskin a personal insolvency arrangement a mechanism that allows individuals to escape significant bank and other debts that will see him return to solvency with payment of a lump sum of 30,000.
Some 25,000 of this will go towards repaying a fraction of his 24.9 million in debts.
The court was told that the 44-year-old builder and property developer from Athlone, Co Westmeath was involved in numerous property developments that failed due to the economic crash of 2007-08, leaving Mr Diskin with residual debts of more than 25 million.
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Read the full article at: https://www.irishtimes.com/business/economy/2022/12/12/midlands-property-developer-has-almost-25-million-in-celtic-tiger-debt-written-off/