Dara Murphy (Cork North Central, Fine Gael) | Oireachtas source

One of the things we are hearing a lot from people in financial difficulty is that debts are being sold. A reasonably well-established institution with a good reputation may sell the debt to an agency at 25%, 50% or whatever. That agency then comes looking for the full amount. What will be the amount under these three arrangements, bearing in mind there are two different amounts - the original debt and the new negotiated debt?