Oireachtas Joint and Select Committees
Thursday, 17 May 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Resolution of Non-Performing Loans: Discussion (Resumed)
10:00 am
Mr. Brendan Burgess:
It is an estimate that can be worked out from the number of people who are in arrears for more than five years, and the number of people who have been in arrears for more than two years. One can then go down to see what is happening with repossessions in the courts. Let us assume that my figures are completely wrong and that there are only some 3,000 people who are paying absolutely nothing on their mortgage repayments. Let us say it is only 3,000. My solution of removing them from their houses should apply to those 3,000 people.
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