Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

There is an important sentence here if I could read it. It is important to note that it remains to be seen if there will be proceeds available for the repayment of these creditors as they rank behind both preferred and senior unsecured creditors in priority. Unsecured creditors will get paid if there is money but there is a ranking order and it is not clear yet whether the €280 million worth of junior bondholders will pursue their claim as creditors, whether they can validate their position as creditors and, if so, if there will be any money left over when all other unsecured creditor are paid in full.

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