Dáil Éireann Debate, Thursday - 21 February 2013
81. Deputy Michael McGrath asked the Minister for Finance his views on whether the sale of the Irish Bank Resolution Corporation loan book by the special liquidator may have unintended consequences for some of the debtors concerned who required the support of the former bank to remain as a going concern to businesses; and if he will make a statement on the matter. [9481/13]
Amharc ar fhreagraI am advised that the Special Liquidators are still in the process of devising and implementing a sales process in respect of IBRC’s assets. As this sales process has not yet commenced, the Special Liquidators are not in a position to comment or speculate on the impact this may or may not have on the borrowers concerned. There is an obligation on the Special Liquidators to ensure that the assets of IBRC are sold at a price which maximises the overall return for its creditors and the maintenance of value in the assets of IBRC is an important part of this process.
