Written answers
Tuesday, 16 July 2013
Department of Finance
IBRC Sale of Assets
Pearse Doherty (Donegal South West, Sinn Fein)
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207. To ask the Minister for Finance if the Irish Bank Resolution Corporation avails of the use of public auction auctioneering services provided by a company (details supplied). [34255/13]
Michael Noonan (Limerick City, Fine Gael)
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The Special Liquidators have advised that in relation to connections where there are receivers appointed over assets, those receivers assess and recommend which method and agent to use for the sale of assets. The Special Liquidators have confirmed that there are instances where receivers, acting as agent for the borrower and/or borrowers, appoint the company mentioned to sell assets.
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