Written answers
Tuesday, 23 April 2013
Department of Finance
IBRC Liquidation
Pearse Doherty (Donegal South West, Sinn Fein)
Link to this: Individually | In context | Oireachtas source
190. To ask the Minister for Finance if he will outline any representations that he or his Department has received from, or on behalf of, borrowers at the Irish Bank Resolution Corporation in special liquidation, after the announcement of the special liquidation of IBRC on 6 February 2013. [18444/13]
Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source
As the Deputy is aware, representations are received in a number of ways including representations through political representatives, from individuals directly, from legal representatives of clients of the bank etc. These representations are received through a number of channels including mail, e-mail and primarily by telephone contact. The overall number of written representations relating to borrowers of IBRC (in special liquidation) received since the 6th of February total 9. As a general rule the Department does not become involved in individual cases and will refer borrowers to the bank, to the Central Bank or to the Financial Services Ombudsman etc. as appropriate and depending on the circumstances of the case. It would not be appropriate for me to comment on the content of personal representations that have been received.
Pearse Doherty (Donegal South West, Sinn Fein)
Link to this: Individually | In context | Oireachtas source
191. To ask the Minister for Finance if he will confirm when the window in which the Special Liquidator of Irish Bank Resolution Corporation is allowing existing borrowers to refinance their loans 100%, is to expire. [18445/13]
Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source
I have been informed by the Special Liquidators that the window in which Borrowers are allowed to refinance their loans 100% will remain open until such time as the loan is sold in the sales process.
Pearse Doherty (Donegal South West, Sinn Fein)
Link to this: Individually | In context | Oireachtas source
192. To ask the Minister for Finance if he will confirm when the Special Liquidator of Irish Bank Resolution Corporation will commence offering loans to the market for sale. [18446/13]
Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source
I have been advised that the Special Liquidators are unable to confirm at this point when the loans of IBRC (in Special Liquidation) will be offered to the market for sale. The loan sales process is currently being finalised.
No comments