Enda Kenny (Mayo, Fine Gael) | Oireachtas source

This matter has been discussed with the Central Bank whose Governor has set down targets for every bank to sit down with every mortgage holder and work out a solution in each case. Evidence of the much decried personal insolvency legislation is now becoming clear from the initial cases going through, that the banks do not have a veto. If the banks decide not to deal through the personal insolvency agency, they may get nothing at all if the person follows a bankruptcy route. That has been changed from 12 years to three.

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