Tuesday 17 January 2017

John Drennan: Reform of bankruptcy law and initiatives on homeowners in trouble finally to be dealt with

Plan to hit banks for the mortgage mess

Published 02/10/2011 | 05:00

THE Government is preparing a series of radical moves to make the banks take responsibility for the home mortgage crash.

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The Keane Report, which will be presented to the Cabinet next week, will propose major changes to Ireland's bankruptcy laws -- which are the harshest in Europe -- and make the banks write off mortgage debt for homeowners in a similar way to writing off business debt.

The group, chaired by accountant Declan Keane, will recommend:

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