Dáil Éireann Debate, Tuesday - 11 April 2017
147. Deputy Pearse Doherty asked the Minister for Finance the way customers that may be eligible for redress as part of the tracker mortgage review will be treated in terms of a hierarchy in the liquidation process with regard to the liquidation of IBRC; and if he will make a statement on the matter. [17660/17]
Amharc ar fhreagraI am advised by the Special Liquidators that customers who are eligible for redress as part of the tracker mortgage review will be treated as unsecured creditors of IBRC in respect of any such amounts which are found to be due to them for the period beginning February 2007 up until the date of liquidation. Dividends will be paid to those affected in line with other creditor payments. Amounts due to customers for the period post appointment of the Special Liquidators will be treated as a cost of the liquidation and will be paid in full. At this stage, it is estimated that less than 100 customers will be impacted and require redress.
