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

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I will move on as I have limited time and my colleagues want to come in also.

Will Dr. O'Hagan-Luff comment on the proceedings around the legal difficulty in repossessions? Mr. Burgess presented the committee with three case files representing how the system is not working. In two of the cases orders were granted by the courts for repossessions. This may indicate that the system did work in the banks' favour in two out of three of the cases, despite the length of time that Mr. Burgess had argued. Is there a legal impediment to repossessions or is it the case that judges are being as flexible as possible given the social background and consequences of the housing crisis? This morning we heard stories of children and their parents being forced into Garda stations when they have had no accommodation. Is there a legal impediment that results in not repossessing?

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