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:

It if it can be legally pledged to us, we push the debtor to hand it over to us. If it turns out the debtor will not co-operate or resists, they become subject to litigation, where we seek a judgment and attach the judgment to unencumbered assets. These are some of the high-profile cases reported in the media. If we think there are assets, we expect the debtor to hand over the assets.