Oireachtas Joint and Select Committees

Wednesday, 1 March 2023

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Investment Funds: Discussion

Photo of Peadar TóibínPeadar Tóibín (Meath West, Aontú) | Oireachtas source

Absolutely. Mr. Hall mentioned something I have also heard. I have dealt with more than 400 families who have been in mortgage distress and have helped them to negotiate with banks and vulture funds. Sometimes we get mixed results from our dealing with the banks. Sometimes we also get mixed results from our dealings with vulture funds. Mr. Hall referred to two people who, by means of taking a court case, were able to identify the write-down that the budget fund had achieved. Can other people achieve such write-downs or do they have to go to court in order to do so?

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