Oireachtas Joint and Select Committees

Thursday, 2 March 2023

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

Debt Write-down and Debt Resolution Policies: Allied Irish Banks

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

I have one final question, which is very personal to me in terms of the community I represent. It is an issue that I hear about all the time. Many people who do not live in Donegal think the issue with mica is over. In the last number of weeks, we have seen bulldozers come in and tumble houses and family homes. People are away renting in different communities as a result. There are still mortgages out on those family homes. How does AIB explain to an individual that they have to pay a mortgage for what is now rubble where their family home once was, yet the bank is willing to write off millions of euro for other individuals?

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