Oireachtas Joint and Select Committees
Tuesday, 8 April 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Mortgage Arrears Resolution Process: (Resumed) Ulster Bank
3:00 pm
Pearse Doherty (Donegal South West, Sinn Fein)
Link to this: Individually | In context | Oireachtas source
I spent four minutes trying to elicit that answer. Basically, Ulster Bank will veto the personal insolvency arrangements because in cases where the Insolvency Service of Ireland has proposed a write-down of secured debt, the average amount is 19%.