Dáil Éireann Debate, Tuesday - 4 March 2014
46. Deputy Michael McGrath asked the Minister for Finance the number of National Asset Management Agency debtors that have been put into receivership since its inception; and if he will make a statement on the matter. [10747/14]
View answerI am advised by NAMA that, by 21 February 2014, it had been necessary to enforce against 296 debtor connections or part thereof. NAMA acquired loans of close to 800 debtors which had 5,000 borrowing entities. An enforcement strategy by NAMA is pursued in circumstances where the debtor s business plan is not considered acceptable, the debtor is in default and is not cooperating or where some other event has occurred that could potentially threaten NAMA s position as a creditor.
