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

I wish put a hypothetical case to the witnesses for clarification. Let us take a person who has a property worth €300,000, with €100,000 of that in security against a loan from IBRC. A payment of €60 per week is being made, as part of a deferred resolution process. The person in question is retired with no means of resolving the debt. The person is paying €60 per week and has permission to stay in his home. IBRC will take what it is owed when the person dies or the house is sold. That is the contractual arrangement in place at the moment. What is the status of that contract?