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Judge approves PIA that will see woman (54) making mortgage repayments until she is 90

Judge approves PIA that will see woman (54) making mortgage repayments until she is 90
It is being regarded as an important test case in the area of personal insolvency.
By Aodhan O Faolain
Thursday 13 May 2021, 6:33 PM
3 hours ago
25,932 Views
0 Comments
Image: Graham Hughes
Image: Graham Hughes
THE HIGH COURT has approved a Personal Insolvency Arrangement (PIA) that will see a 54-year-old woman continue to make mortgage repayments on her family home until she is 90 years of age.
Mr Justice Mark Sanfey approved the PIA in respect of Esther Kirwan from Moycarkey, Thurles, Co Tipperary, in what is regarded as an important test case in the area of personal insolvency. ....

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Woman to pay mortgage until she is 90 under insolvency

The High Court has approved a Personal Insolvency Arrangement that will see a 54-year-old woman continue to make mortgage repayments on her family home until she is 90 years of age. ....

North Tipperary , Justice Mark Sanfey , Justice Sanfey , Ann Fennell , Esther Kirwan , Ulster Bank , Co Tipperary , Circuit Court , High Court , Personal Insolvency Arrangement , Start Mortgages , Keith Farry , வடக்கு உதவிக்குறிப்பு , ஆண்டு ஃபெநல் , அல்ஸ்டர் வங்கி , இணை உதவிக்குறிப்பு , சுற்று நீதிமன்றம் , உயர் நீதிமன்றம் , தனிப்பட்ட நொடித்துப்போனது ஏற்பாடு , தொடங்கு அடமானங்கள் , கேய்ட் பார்ரி ,

Court rejects plan for woman to pay mortgage until age of 98

Court rejects plan for woman to pay mortgage until age of 98
Judge noted term of restructured loan would likely have exceeded debtor’s lifespan
about 18 hours ago
Aodhan O Faolain
Ulster Bank opposed the PIA, which proposed to restructure the length of the woman’s mortgage repayments to 348 months. Photograph: iStock

The High Court has refused to approve a Personal Insolvency Arrangement (PIA) under which a pensioner would be making mortgage repayments on her home until she was aged 98.
In what is regarded as an important test case, Mr Justice Mark Sanfey said 69-year-old Ann Fennell, who owes Ulster Bank some €72,500, would not be reasonably likely to be able to comply with the terms of the proposed PIA. ....

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