Stephen Donnelly (Wicklow, Independent) | Oireachtas source

I greatly appreciate the Minister's openness to taking account this matter in future legislation. In the interim, however, what can be done to prevent the banks from making possession orders? In a situation where there is positive equity in a property, I cannot envisage a bank agreeing to write down a portion of debt rather than opting immediately for repossession. Is it the Minister's expectation that this is essentially what will happen in advance of the introduction of the legislation to which he referred? If not, will he indicate the basis for his expectation that the banks might cut deals when they can simply take possession?

See this speech in context