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

The High Court

Shane Phelan

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.