Oireachtas Joint and Select Committees
Wednesday, 17 July 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Insolvency Service of Ireland: Discussion
2:10 pm
Ciarán Lynch (Cork South Central, Labour)
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The reason I ask is that a concern committee members, the general public and I have is that a host of poachers may now become gamekeepers. A number of people involved in financial services at the height of the property bubble made mortgages more than accessible. Particular mortgage broker firms were giving 100% mortgages and, in some cases, gave mortgages to people who should not have received them. Might we now see the people in question as insolvency practitioners? This would give them two bites at the cherry, as they will now be paid to run an insolvency service for people who have ended up insolvent. Is it possible such persons are among the applicants?