Gerry Horkan (Fianna Fail)
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Would Mr. Blair be able to verify after this meeting whether some were transferred because they did not suit the bank's business model, or for some other reason? I have had representations from people who had perfectly performing businesses that were doing nothing wrong but whose debts were transferred to vulture funds. They are finding it incredibly difficult to deal with those funds. They have never missed a payment and have never failed to perform, but the way they are running their businesses is being scrutinised and hampered. They cannot expand or get planning permission to build extensions to their business premises. They had a perfectly good relationship with Ulster Bank but the entities to which the bank has transferred their debts are very difficult to deal with. I am trying to find out why the bank sold off the debts of perfectly performing businesses. Many of those business owners feel that the vulture funds want to get them out of their businesses, take possession and flip them.