Dáil Éireann Debate, Thursday - 18 December 2014
121. Deputy Michael McGrath asked the Minister for Finance the number of the remaining Irish Bank Resolution Corporation in special liquidation residential mortgages in arrears of less than 90 days, of 90 days to 180 days, of 180 days to 360 days, or 360 days to 720 days and of greater than 720 days; and if he will make a statement on the matter. [49289/14]
View answerI am advised by the Special Liquidators of IBRC that the remaining unsold residential mortgages are currently going through a sales process called Project Pearl which, as is the case for all the sales processes, aims to maximise the return to all remaining creditors of IBRC, including the State. This sales process is currently underway so therefore I am advised by the Special Liquidators that the information requested is considered commercially sensitive and will not be released.
The Special Liquidators expect the sales process for Project Pearl to be completed before 31 December 2014.
