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
1:20 pm
Ciarán Lynch (Cork South Central, Labour) | Oireachtas source
Senator Sean Barrett will be the bank's last questioner today. First, I want to clarify something that arose this morning, because it is in the best interest of the bank and the committee to get this matter nailed down.
Earlier today, Mr. Boucher, we discussed unsecured and secured debt. The question is really whether the bank has written down secured debt in personal insolvency arrangements or bankruptcies to date. Also, we want to establish whether the bank provides write-downs and whether unsecured debt or secured debt was used for PIA and bankruptcy processes.
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