John McGuinness (Carlow-Kilkenny, Fianna Fail)
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66. To ask the Minister for Finance in a situation where a borrower has disposed of all assets and has no prospect of repaying the outstanding balance, the procedures or actions that the National Asset Management Agency follows. [46577/14]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by NAMA that, where a cooperative borrower has consensually sold all available assets, made full disclosure to NAMA and made every reasonable effort to repay debt, NAMA is prepared to consider forbearance on residual debt.  NAMA will carry out independent verification of the debtor's statement of affairs and will retain recourse to the debtor for a period so that any future windfall gains or a portion of earnings may be applied towards debt reduction.   NAMA will reserve the right to pursue the debtor should it subsequently emerge that full disclosure was not made at the time of the consensual forbearance settlement.

John McGuinness (Carlow-Kilkenny, Fianna Fail)
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67. To ask the Minister for Finance if the National Asset Management Agency is aware of any individual borrowers having taken their own lives; and if the agency is satisfied that it acted appropriately with such persons and their families. [46578/14]

Michael Noonan (Limerick City, Fine Gael)
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NAMA's engagement with its debtors is carried out in a manner consistent with the highest professional industry standards with the aim of maximising the return to the taxpayer in respect of debts owing to it.  All debtors are afforded equal courtesy and the Agency engages with all debtors in an entirely professional, impartial and objective manner.