Oireachtas Joint and Select Committees

Thursday, 5 September 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Financial Sector: Discussion with Permanent TSB

11:20 am

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

What Deputy Spring is asking is that if a person engages in a resolution process with PTSB, will he or she be locked out from accessing further credit. If so, that is very worrying. The insolvency process provides for payment breaks to allow people to deal with emergency financial issues. The question Deputy Spring has asked is: will people who so engage with PTSB be locked out from accessing further credit?

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