Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I never want to defend a debt-collection agency. However, in fairness Cabot is acting under instructions from Promontoria Scariff, an entity only established for the purchase of these loan books. It has instructions to appoint fixed-charge receivers. I am aware of a case of multiple properties in positive equity and there is no problem in selling those properties, but Promontoria Scariff does not want to know. It is appointing a fixed-charge receiver which means that legal fees and the receiver fees will eat into any positive equity they have. This is the same entity that wrote to a number of its customers a month after the event - I have this letter as well - to say, "By the way, we were subject to an email phishing attack a number of weeks ago and therefore your name, contact information and financial details, including outstanding balances, have been disclosed."