Oireachtas Joint and Select Committees
Tuesday, 17 May 2016
Committee on Housing and Homelessness
Insolvency Service of Ireland
10:30 am
Bernard Durkan (Kildare North, Fine Gael)
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That has not answered my question. I find it difficult to understand how a lending agency can have decided three, four or five years ago that a particular application for a loan was sustainable - it must have been because otherwise it would not have been approved - but has now determined that it is unsustainable and can demand repossession, the sale of the asset or whatever the case may be. I would be very interested in hearing a response to that point. I have dealt with many such cases.