531. Deputy Michael McGrath asked the Minister for Justice and Equality the number of bankruptcies in each year from 2011 to 2014 and in 2015 to date which resulted in the bankrupt persons surrendering their principal private residence; and if she will make a statement on the matter. [20752/15]
Minister for Justice and Equality (Deputy Frances Fitzgerald): I am advised by the Official Assignee in Bankruptcy in the Insolvency Service of Ireland that from the years 2011 to 2013 a total of 10 family homes or Principal Private Residences were surrendered. I am advised that an annual breakdown for that period is not available.
From the period 1 January 2014 to 8 March 2015, 177 bankrupt persons surrendered their family home or Principal Private Residence. A further 23 family homes or Principal Private Residences were repossessed by a secured creditor during that time.
Family Home Analysis - all figures relate to both Principal Private Residences and Family Homes
|Bankrupts who have surrendered their family home/Principal Private Residence||Repossessed by Secured creditor|
|2011 - 2013*||10|
|1st January 2014 - 8 March 2015||177||23|
|Breakdown of 177 surrenders as follows|
|Family Home surrendered and accepted by bank prior to bankruptcy||34|
|Family Home abandoned by debtor - not surrendered to creditor||67|
|Family Home surrendered post bankruptcy or receiver in place||31|
|Receiver appointed/surrender being finalised by the Official Assignee/other||45|