Tuesday, 23 April 2013

Questions (198, 199)

Pearse Doherty

Question:

198. Deputy Pearse Doherty asked the Minister for Finance if he will confirm the total number of individuals who are debtors of the National Asset Management Agency who have filed for bankruptcy outside the jurisdiction of the State. [18452/13]

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Pearse Doherty

Question:

199. Deputy Pearse Doherty asked the Minister for Finance if he wil provide an estimate of the total amount of original par value debt written off by the National Asset Management Agency as a result of debtors filing for bankruptcy outside the jurisdiction of the State. [18453/13]

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Written answers (Question to Finance)

I propose to take Questions Nos. 198 and 199 together.

NAMA is currently finalising its Annual Report and Financial Statements for 2012. I am advised that these will contain extensive information regarding its operations, including its insolvency activity and the locus of debtor bankruptcy proceedings. I am advised that the Report and statements will be published within two months. NAMA advises that it does not write off debt as a result of debtors filing for bankruptcy outside the jurisdiction of the State. Rather, it is a matter for the bankruptcy proceedings to deal with the outstanding debt. NAMA advises that even where the bankruptcy is discharged, the bankruptcy estate continues until such time as all assets have been liquidated and the debt, in so far as possible, has been repaid.