Francis Joseph Woods, of Damestown, The Naul, Dublin, pleaded guilty to one count of defrauding the man on a date between August 2007 and November 2007.

Maureen Kelly was ordered to pay rent arrears of €60,000 to a landlord that told her the property was to be sold.

The personal insolvency arrangement enables William Tynan (57) to remain in his €400,000 home in Charleville, Co Cork

The court’s decision will have ramifications for all future cases relating to personal insolvency agreements