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
12:50 pm
Ciarán Lynch (Cork South Central, Labour)
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No, we are doing it now.
I thank the witnesses for appearing today. There were a number of matters on which they said they would revert to us and offer further clarification. We would certainly be very interested in hearing their views as the process rolls on. As I said in my opening address, we had in the past deferred interest or interest-only payments, representing the prolonging of a problem. We moved into the Keane report area and then into the insolvency realm, bearing in mind the change to the bankruptcy laws. As the process develops, other solutions and models may be developed. Between the occasions on which the Insolvency Service of Ireland and this committee meet, I ask Mr. O'Connor to keep us informed about what is actually happening with the service.