Company director has €9m debt written off for €50,000

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‘You can’t get blood from a stone,’ says High Court judge when approving debt settlement arrangement

The debt arose from facilities advanced by Bank of Scotland in 2008 for development property in Glasnevin, Dublin. Photograph: Gunnar Pippel/Getty Images

Mr Quinn owes €8.9m to Everyday Finance DAC and is unable to pay the debt, according to documents put before the court in support of his application. Quiet quitting: Why should an employee doing the job they are paid to do and then going home be a problem? Everyday had voted in favour of the DSA, which applies to unsecured debt and was made under the Personal Insolvency Acts, before it was approved by Mr Justice Owens during a brief hearing on Monday.

 

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