Dáil Éireann Debate, Thursday - 17 December 2015
121. Deputy Michael McGrath asked the Minister for Finance the fees the National Asset Management Agency incurred in appointing receivers to its debtors; and the number of persons and professional firms it appointed as receivers in each of the years to date. [45938/15]
Amharc ar fhreagraThe information sought by the Deputy is set out in the following table.
|
Period |
Appointments |
Total Fees €m* |
|
2010 |
79 |
2.06 |
|
2011 |
67 |
15.45 |
|
2012 |
64 |
19.66 |
|
2013 |
101 |
22.29 |
|
2014 |
73 |
23.02 |
|
2015 to date |
23 |
17.32 |
Notes:
*Receiver fees form part of the receivership and are met out of receivership realisations. Fees for an insolvency are set by reference to the procurement process relating to the selection and appointment of the insolvency practitioner. Typically fees reduce as the assignment progresses and the level of assets reduces by way of disposals or otherwise. However, this depends on the complexity of the insolvency and the fact that issues can emerge during the insolvency.
I am advised by NAMA that it has selected 70 separate firms from a panel appointed after a public procurement process in respect of these appointments.
