Wicklow builder has €2.2m in debt written off in return for €80,000 lump-sum payment
David Lawlor (60) will now be able to keep family home
A builder who became insolvent following the construction sector crash in the late 2000s has had more than €2.2m in debt written off in return for a lump-sum payment of €80,000.
Under a personal insolvency arrangement (PIA) approved by the High Court, David Lawlor (60) will be able to retain his family home, which was in negative equity.
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