Oireachtas Joint and Select Committees

Wednesday, 9 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB

12:25 pm

Mr. Brendan O'Connor:

The information is contained in the split mortgages category, although not every split mortgage has a debt write-down, and in the category of voluntary sale or surrender. We agree a treatment of the residual debt before the individual sells the house to give him or her some certainty as to what he or she is getting into. As such, debt write-down is in both of those categories.