Couple want multi-million debt written off in exchange for €25,000 lump sum
June 21 2022 02:30 AM
A mortgage firm has objected to personal insolvency arrangements (PIAs) which would wipe out a husband and wife’s multi-million euro debt pile and safeguard their Ballsbridge home.
Property developers Kevin Brophy (71) and Jacinta Rochford (66) owe creditors €13.7m and €10.9m respectively and are seeking to have most of their debts written off in return for lump sum payments of just €25,000 to creditors.
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Multi-million euro debt write-off for Ballsbridge couple faces opposition