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
12:40 pm
Pearse Doherty (Donegal South West, Sinn Fein)
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For the purposes of clarification, Mr. O'Connor mentioned that where somebody fell into arrears there could be payment breaks. I understand the ISI will not allow consecutive payment breaks. If somebody falls into arrears, Mr. O'Connor mentioned that a creditor under the legislation could appeal to the court to have the notice terminated. If the breach has not been remedied by the debtor, is it the case that the PIP will have to terminate the notice as well?