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

My final comments go back to the residual debt question that has been asked previously. It is quite shocking that Bank of Ireland is chasing residual debt, potentially, from a homeless person. Is there a cut-off period? For example, if I surrendered my home and there was residual debt of €100,000, would Bank of Ireland after seven years come to an understanding that there is no logic to pursue the residual debt? Will the individual have that hanging over him or her for a lifetime? Representatives from Ulster Bank were here earlier and they indicated that between seven and ten years is as long as they would chase residual debt.