Oireachtas Joint and Select Committees

Wednesday, 2 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process: Discussion

5:00 pm

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

I wanted to ask a question about that. The fact that Mr. Burgess mentioned construction workers is interesting because another thing that stares one in the face is the irony of the people who built all the houses being the ones who are facing the possibility of having their homes repossessed. If one lived in a rational world, one would ask why we would not get the construction workers to build some houses for themselves, particularly given the shortage mentioned by Mr. Burgess. Could I ask about repossession? What Mr. Burgess said about bankruptcy is extremely interesting. Can he explain it further? Who will the judge accept? If a person applies to go bankrupt, can they apply if the bank has moved to repossess their house? If the bank states that it is going to repossess the house, can a person say they are going bankrupt? Who is the judge likely to accept for bankruptcy? When they decide yes or no, what grounds are they likely to base it on based on Mr. Burgess's experience, particularly in the case of people who are unemployed and have no income? Will the judge accept these people because it sounds like a pretty good deal?

Comments

No comments

Log in or join to post a public comment.