Tuesday, 25 June 2013

Questions (186)

Michelle Mulherin

Question:

186. Deputy Michelle Mulherin asked the Minister for Finance the way persons who have business loans and mortgages with the Irish Bank Resolution Corporation in liquidation which are performing will be accommodated in order that they may re-finance their borrowings with other lending institutions; and if he will make a statement on the matter. [30098/13]

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Written answers (Question to Finance)

I have been advised by the Special Liquidators that all Borrowers can re-finance their borrowings with other lending institutions however there will be no write down of the debt outstanding. I have been informed by the Special Liquidators that the window in which Borrowers are allowed to re-finance their loans 100% will remain open until such time as the loan is sold in the sales process.