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
10:40 am
Mr. Christopher Lehane:
The position is that the official receiver effectively has a three year period within which to make a decision. Effectively the courts frown on people being thrown out of a house within one year, but the receiver must make the decision by the third year. If he or she has not instituted proceedings, his or her right to claim the half-interest disappears.