Irish Times: Debt writedowns on agenda

0

Overstretched borrowers could receive a write-down or write-off of some of their debt following an agreement struck yesterday by the Central Bank between secured and unsecured lenders. Starting next month, a pilot scheme will seek to agree arrangements with a sample of 750 borrowers to restructure their debts.

http://www.irishtimes.com/business/sectors/financial-services/debt-writedowns-on-agenda-in-central-bank-deal-with-lenders-1.1386655