Arthur Spring (Kerry North-West Limerick, Labour) | Oireachtas source

The next thing to be aware of is that if one chooses the bankruptcy route the banks will be sold and anyone looking to buy them will do due diligence on their mortgage accounts and if that is the case they will not want to be left with any unsustainable mortgages. It is important that Mr. O’Connor’s institution tells people they have the bargaining chip of the bankruptcy route. The bankruptcy route takes three years but there is a contingent further period. Why?