Brendan Burgess
Founder
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Law change needed to allow debt for equity swaps in PIAs, says judge
Court dismissed appeal over attempt to offer stake in family home in insolvency case
Couple wanted mortgage of €210k reduced to €31k
And bank would get 85% of the proceeds of the property on the death of the second co-borrower.
EBS vetoed the PIA.
Circuit Court refused to approve it.
High Court upheld Circuit Court's decision.
Brendan