Oireachtas Joint and Select Committees

Wednesday, 24 October 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Role and Functions of NAMA: Discussion

4:40 pm

Mr. Brendan McDonagh:

In terms of the 168, they are consensually working with us. Effectively, they are not subject to receivership or whatever is the case. Once a debtor is subject to receivership, NAMA does not pay him or her. It would be up then to the receiver to decide whether he needed the debtor to work with him for a period after that. That would be our call.

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