Oireachtas Joint and Select Committees
Wednesday, 2 April 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Mortgage Arrears Resolution Process: Discussion
4:40 pm
Mr. Ross Maguire:
On the moment of bankruptcy, one's interest in all one's assets, including one's house, transfers to the official assignee, who now owns one's house, or owns half a house if one owns it with someone else. That remains the case until the assignee's interest is transferred. Even after the bankruptcy period, if nothing was done, the assignee would continue to own the house.