Oireachtas Joint and Select Committees
Wednesday, 4 September 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Overview of Financial Sector: Discussion with Ulster Bank
1:45 pm
Ciarán Lynch (Cork South Central, Labour) | Oireachtas source
I want to address the issue of payment breaks. Does Ulster Bank have a structured means of dealing with these when people go into resolution processes? I know the insolvency agency has been in contact with Ulster Bank with regard to this area. If somebody who is in a resolution process and has committed to paying €500 or €1,000 a month has to meet a €3,000 or €4,000 payment, can that person step out of the resolution process? Does Ulster Bank have some sort of guidelines or protocols to deal with that?
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