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

12:40 pm

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

For the purposes of clarification, Mr. O'Connor mentioned that where somebody fell into arrears there could be payment breaks. I understand the ISI will not allow consecutive payment breaks. If somebody falls into arrears, Mr. O'Connor mentioned that a creditor under the legislation could appeal to the court to have the notice terminated. If the breach has not been remedied by the debtor, is it the case that the PIP will have to terminate the notice as well?

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