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
12:40 pm
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source
I thank the witnesses for appearing before the committee. There are 3,400 repossessions and legal actions of one sort or another in the pipeline. Can the witnesses assure us that Bank of Ireland is actively trying to give people in those cases every option besides having their homes taken off them? Will the witnesses tell us a bit about how Bank of Ireland interacts with the group of people in respect of whom it has gone to the drastic extent of issuing legal proceedings or putting them in the position of supposedly voluntarily surrendering their homes? I suspect it often is not that voluntary and they have little choice. Will the witnesses assure us that Bank of Ireland is making every effort to keep people in their homes?
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