Oireachtas Joint and Select Committees
Thursday, 10 April 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland
11:20 am
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
For secured debt. The personal insolvency service told us an average of 19% of secured debt is written down on average based on PIPs' proposals. The bank is saying it will torpedo every single one of these through the veto the Government gave it if it has the opportunity.
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