High Court refuses to confirm two proposed personal insolvency arrangements (PIAs) relating to a husband and wife, on the grounds that the proposed PIAs were not fair and equitable to one of the creditors, which held a mortgage over a property belonging to one of the debtors.
Applications to confirm a proposed personal insolvency arrangements (PIAs) - s. 115A (9) of the Personal Insolvency Act 2012 - PIAs not approved by creditors' meetings - properties owned by debtors - notice of objection - whether Revenue debt given preferential status under proposed PIAs - whether PIAs fair or equitable - whether PIAs unfairly prejudicial to the interests of one creditor - whether creditors should be classified separately - unfair prejudice.