Seanad debates
Tuesday, 4 December 2012
Personal Insolvency Bill 2012: Committee Stage (Resumed)
9:15 pm
Jim Walsh (Fianna Fail) | Oireachtas source
Senator Bradford alluded earlier to situations where people are deprived of their house and property in cases of bankruptcy. It is important to look at the situation carefully and not to be as sympathetic to the banks in such cases as they were far from prudential and most of them were irresponsible in lending. Everybody here has heard stories of how irresponsible the banks were in giving loans to people. We have heard of 100% mortgages and some people got 130%. This is an area that should be examined.
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