Irish Examiner·3 min read·medium
Celtic Tiger developer has €14m Nama debt written off for €37,000
✦AI Summary
A former property developer in Ireland has had €14 million in debt to the National Asset Management Agency (Nama) written off in exchange for a €37,000 payment. The High Court approved the insolvency arrangement, allowing the individual to retain his family home.
According to court filings, Michael Murray had debts of €14.6m, of which €14m was owed to Nama. File picture: Sasko Lazarov/RollingNews.ie
businesseconomy
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