Oireachtas Joint and Select Committees

Wednesday, 22 October 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Operations and Functions: National Asset Management Agency

5:10 pm

Mr. Brendan McDonagh:

There might be a few who had them, but if they can be legally pledged the security might be pledged to us and they will be slated for disposal at the appropriate time. It might sometimes appear that the developer has a second home but, after looking at the legal matter, the home might be owned by an unconnected third party rather than the developer. The developer cannot give us security on the property. If the debtor has additional assets, we expect the assets to be on the table.