Peadar Tóibín (Meath West, Sinn Fein) | Oireachtas source

Another issue arises not only with mortgage debt but with other types of debt as well. Let us suppose a debtor is trying to negotiate a better deal on a particular debt and he makes an offer to pay back 30% of the debt to the bank. He is refused and then the debt is sold to a third party for maybe 20% of the value, etc. I am not saying this has happened with Ulster Bank. Is it the case that debt is sold to third parties for less than the negotiated offer from the dweller or business person?