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

11:50 am

Mr. Lorcan O'Connor:

That non-co-operating party will not prevent the other person dealing with their problems. If they are co-operating, the fact that they are jointly and severally liable will mean that the creditor may pursue that other person for the entire loan. That is made clear in the Act.