Oireachtas Joint and Select Committees

Wednesday, 30 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process (Resumed): Insolvency Service of Ireland

12:20 pm

Photo of Kevin HumphreysKevin Humphreys (Dublin South East, Labour) | Oireachtas source

Where people want to remain in their homes and where there are viable solutions on offer, in some cases the attitude and the policies of the banks - which is not to write down anything on the secured debt - is to force people out of their homes. This is despite the fact that there would be a greater return if they facilitated a certain level of write-down.

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