Oireachtas Joint and Select Committees

Wednesday, 9 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB

12:35 pm

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

I will return to some borrowing, but an issue that is popping up with the institutions we have seen so far is the legacy debt that becomes unsecured after repossession of a property. How is Allied Irish Banks dealing with that debt? Is it writing that debt off after the sale or is it being left there as a legacy?

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