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
Kieran O'Donnell (Limerick City, Fine Gael)
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Where a customer of two institutions at great cost employs a PIP to engage on his or her behalf with both institutions, one of which holds a secured debt on behalf of the customer and is not amenable to the process, the PIP can opt to go the bankruptcy route, which route most Irish people prefer not to go. As a nation, we are averse to doing so. What mechanisms are available to people to force the institutions to engage in the process?