Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

This question relates to Setanta Insurance and the fallout from the collapse of that company in April 2014. This matter has developed into a nightmare for many of the policyholders concerned. I have discussed it with the Minister of State, Deputy D'Arcy, on a number of occasions. The current state of play is that many Setanta policyholders are being told, legally, that they are potentially on the line themselves. They are potentially exposed by way of judgments against them, including judgment mortgages against their homes, in respect of any shortfall that might be left at the end of the process. This is a disgraceful situation that really needs to be dealt with forthwith. I hope the Minister of State has an update on the matter.

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