Dáil Éireann Debate, Wednesday - 4 October 2017
96. Deputy Catherine Murphy asked the Minister for Finance the valuations on the remaining distressed assets at IBRC; when valuations were last done; the timeframe that has been set for disposing of these distressed assets; the estimated costs associated with this process; and if he will make a statement on the matter. [42117/17]
View answerI am advised by the Special Liquidators of IBRC that the vast majority of assets remaining in the liquidation are tied to ongoing litigation. For reasons of confidentiality and commercial sensitivity, the Special Liquidators cannot provide any further detail on these assets at this time.
The Special Liquidators are committed to selling the remaining assets as quickly as is practical but are mindful that best price much be achieved for the remaining creditors of IBRC.
The Special Liquidators published their fourth progress update report on the liquidation of IBRC in May 2017, which is available on the Department of Finance website: http://www.finance.gov.ie/wp-content/uploads/2017/05/170505-IBRC-Progress-update-report-report_31-Dec-16.pdf. This report covers the period to December 2016 and gives an overview of the work which the Special Liquidators have completed since their appointment in February 2013, the work which is ongoing in the liquidation and the tasks which remain to be completed.
