Oireachtas Joint and Select Committees
Wednesday, 2 April 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Mortgage Arrears Resolution Process: Discussion
5:00 pm
Mr. Brendan Burgess:
The mortgage interest supplement was a great solution for people who were unemployed. If someone is unemployed and in deep negative equity, I recommend they give serious consideration to going bankrupt immediately. They should not wait for a year until they get a job, because at that stage they will have to pay their mortgage in full.