Oireachtas Joint and Select Committees

Wednesday, 17 July 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Insolvency Service of Ireland: Discussion

3:40 pm

Photo of Regina DohertyRegina Doherty (Meath East, Fine Gael) | Oireachtas source

I thank Mr. O’Connor for the valuable information he has shared so far today. He and other colleagues referred to the recruitment process for the PIPs and their quality and qualifications. While not dismissing professional qualifications, the most important quality required should be the person’s ability to deal with people in distressful situations. I can only speak from the experience of my office. People are on their knees. What they need is not a fancy accountant or barrister but a fixer. Of the people who have applied, how many are being vetted for their practical experience? Given what he did previously in the area of corporate insolvency, would this have been something that interested Mr. O’Connor before he took on the role? How many people will have insolvency experience, or will we try to teach accountants and barristers how to deal with lending institutions that are in vulnerable positions? That is the first question.

Mr. O’Connor mentioned a number of-----

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