Oireachtas Joint and Select Committees

Wednesday, 30 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process (Resumed): Insolvency Service of Ireland

11:20 am

Mr. Lorcan O'Connor:

With regard to a creditor having a PIA proposal put before them, it is the PIP's responsibility to ensure that it is not unfairly prejudicing the creditor. Therefore, by extension, if the creditor votes "No", it will be to their economic disadvantage as to what happens as a consequence in respect of that case.