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

12:10 pm

Photo of Stephen DonnellyStephen Donnelly (Wicklow, Independent) | Oireachtas source

While I appreciate that, after the sale there is no security. Will Bank of Ireland not write down any residual debt, which is by definition unsecured and would have to be carried as such in the bank's accounts?

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