Oireachtas Joint and Select Committees

Tuesday, 8 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process: (Resumed) Ulster Bank

2:30 pm

Mr. Stephen Bell:

Very few have at this stage reached formal hearing. In terms of how the court process operates, we first get a listing date and then a first hearing. It is almost inevitable that the first hearing will be adjourned. It has been our experience to date that the second hearing is also adjourned. We are now awaiting a third hearing in most of the cases concerned. We are not as yet very far down the legal path at this stage. We are waiting for third hearings, which we expect will happen in quarters 2 and 3.

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