Oireachtas Joint and Select Committees

Wednesday, 9 July 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Collapse of Setanta Insurance: Central Bank and Department of Finance

4:00 pm

Mr. Mick Stewart:

That is correct. On the day of the creditors' meeting, the net assets for the directors amounted to €17 million. The liquidator has since gone in and has said that figure is short. At present, he estimates €35 million is required to cover the current claims.

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