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
1:25 pm
Mr. Brendan O'Connor:
We also recognise that if a person does not have any money, they cannot pay us that amount. Obviously, they cannot pay 50% of the arrears if they do not have it. We exit many people from the legal queue without having to pay arrears. We ask for it in some cases where we know there are funds available. Our job is to maximise or optimise the return.
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