Results 28,641-28,660 of 36,355 for speaker:Pearse Doherty

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Pearse Doherty: Cuirim fáilte roimh an toscaireacht. We are probably at odds over its version of what happened to its bank consequent to the action of the Government. The delegates claimed the recapitalisation moneys were an investment. It was not a voluntary investment by the State; the bank would not have existed without it. It was bust and came knocking at the State’s door for...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Pearse Doherty: It does. In how many cases was this done in the past year?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Pearse Doherty: Would there have been thousands of cases?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Pearse Doherty: Does Bank of Ireland not write off voluntarily any other type of debt associated with mortgages for anybody outside the legal process?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Pearse Doherty: With regard to the legal process, how many bankruptcies were Bank of Ireland customers involved in over the past year?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Pearse Doherty: Would it be in the region of ten or fewer?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Pearse Doherty: It was mentioned that 22 proposals from the PIPs involved Bank of Ireland. The delegates then stated 11 were voted on and that a further four were then voted on. Can the delegates explain those three figures again?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Pearse Doherty: What does Mr. Mason mean by saying the bank was involved in four of the 11? It is 11 of the 70, not 11 of the 22.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Pearse Doherty: Bank of Ireland is very supportive of the personal insolvency service, yet it has voted against half of its recommendations.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Pearse Doherty: It is the only sample we have. We know the system is not working. One reason is that the bank holds a veto. It has shown today it is very willing to use it. It has vetoed one proposal and voted against the other. When a proposal from a PIP comes forward and Bank of Ireland has the ability to veto it, and where a debt write-down could take place, will it exercise that veto? Mr. Boucher...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Pearse Doherty: Bank of Ireland will veto any proposal from a PIP concerning a write-down where it has the opportunity.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Pearse Doherty: Therefore, the only way the bank will allow a debt write-down is when that opportunity is taken from it owning to its being overruled by vote on the basis of its being a minority creditor.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Pearse Doherty: That is appalling. One cannot square it with the statement that Mr. Boucher made that the bank is supportive of the personal insolvency service. The delegation is telling the committee the bank will veto every opportunity involving a debt-write-down proposal of a PIP.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Pearse Doherty: For secured debt. The personal insolvency service told us an average of 19% of secured debt is written down on average based on PIPs' proposals. The bank is saying it will torpedo every single one of these through the veto the Government gave it if it has the opportunity.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Pearse Doherty: It is very rare that I am lost for words but I can tell the delegates they have done it again. On the subject of repossessions, Mr. Boucher is the fourth CEO to appear at a meeting of the committee in the past three days. Between them, they have issued letters, including legal letters, seeking the surrender of 30,034 properties. Bank of Ireland is responsible for 6,650 of those...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Pearse Doherty: Are we not going to suspend?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland (10 Apr 2014)

Pearse Doherty: I propose the committee suspend. I presume the other members will want to hear the contribution.

Written Answers — Department of Finance: IBRC Mortgage Loan Book (10 Apr 2014)

Pearse Doherty: 35. To ask the Minister for Finance the number of persons to date that have been able to buy back their own mortgages from the Irish Bank Resolution Corporation during the special liquidation process; and if he will make a statement on the matter. [17018/14]

Written Answers — Department of Education and Skills: SOLAS Training and Education Programmes Provision (10 Apr 2014)

Pearse Doherty: 44. To ask the Minister for Education and Skills the procedures in place whereby a person enrolled on a SOLAS course requires time off for a family emergency; and if he will make a statement on the matter. [17258/14]

Written Answers — Department of Education and Skills: Schools Building Projects Status (10 Apr 2014)

Pearse Doherty: 63. To ask the Minister for Education and Skills if he will provide an update on the progress of the construction of a school (details supplied) in County Donegal; and if he will make a statement on the matter. [17249/14]