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

11:10 am

Mr. Lorcan O'Connor:

I do not have a view as to whether it is high or low because the primary responsibility of a PIP is to deliver a sustainable solution to allow the person return to solvency. There are many cases in respect of which a write-off is not necessary. I can give the Deputy what might sound like an impressive percentage. We have 150% more PIAs than we did at the beginning of April.