One of the measures to be implemented by Ireland's five
retail banks and other non-bank lenders and credit servicers to
assist borrowers who may be affected as a result of the COVID-19
pandemic is a deferral of court proceedings for three months.
Support Measures
On 18 March 2020, the Banking & Payments Federation Ireland
(BPFI) released a statement on behalf of Ireland's five
retail banks summarising the joint plan presented to the Minister
for Finance by those banks to support customers impacted by the
COVID-19 pandemic which included the deferral of court proceedings
for three months (see our briefing
here). The BPFI subsequently confirmed that Ireland's main
credit servicing firms and non-bank lenders also support these
measures.
