Oireachtas Joint and Select Committees

Wednesday, 17 July 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Insolvency Service of Ireland: Discussion

3:20 pm

Mr. Lorcan O'Connor:

We are trying to ensure that the sample cases on our website are as representative as possible within our time constraints. I agree that the kind of situation suggested by the Deputy could potentially exist as a real-life case. We already have one situation within our suite of sample scenarios that envisages a PIA finishing within three months, simply because the disposal of an asset is being offered so that the PIA in question will be for only three months rather than for six years.