Oireachtas Joint and Select Committees
Wednesday, 30 April 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Mortgage Arrears Resolution Process (Resumed): Insolvency Service of Ireland
11:40 am
Mr. Lorcan O'Connor:
The ISI does not have a formal view on this. It is a policy matter for the Oireachtas. The three-year period aligns itself with the majority of options across Europe and elsewhere, although the term in the UK is one year. With regard to the slow take-up of PIAs, I can show some evidence of traction. Since the end of March, the largest number of new successfully completed cases are PIAs. The largest number of draft cases-----
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