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Couple want multi-million debt written off in exchange for €25,000 lump sum

The High Court was due to consider approving personal
              insolvency arrangements for Kevin Brophy (71) and Jacinta
              Rochford (66) who owe creditors €13.7m and €10.9m
              respectively. Stock image

The High Court was due to consider approving personal insolvency arrangements for Kevin Brophy (71) and Jacinta Rochford (66) who owe creditors €13.7m and €10.9m respectively. Stock image

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

The High Court was due to consider approving
                    personal insolvency arrangements for Kevin Brophy
                    (71) and Jacinta Rochford (66) who owe creditors
                    €13.7m and €10.9m respectively. Stock image

independent.ie

Multi-million euro debt write-off for Ballsbridge couple faces opposition

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.

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