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

11:10 am

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

Where a customer of two institutions at great cost employs a PIP to engage on his or her behalf with both institutions, one of which holds a secured debt on behalf of the customer and is not amenable to the process, the PIP can opt to go the bankruptcy route, which route most Irish people prefer not to go. As a nation, we are averse to doing so. What mechanisms are available to people to force the institutions to engage in the process?

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