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

12:00 pm

Photo of Stephen DonnellyStephen Donnelly (Wicklow, Independent)
Link to this: Individually | In context | Oireachtas source

Neither do I. I believe the protocol and information campaign, rightly, have been figured in because they are things the service is already planning on doing. Therefore, when we are discussing the estimate of the ISI for the end of the year, it is right and proper that the service should include them.

Here is my question. A figure of 4,000 is not enough. It is great for the 4,000 involved, but I want it to be 40,000, 50,000, 60,000 or 70,000, and the clock is ticking. There is no point in our having a great process in place in February 2015, because the banks will have forced through a vast amount of dross dressed up as sustainable solutions.