WHAT YOU NEED TO KNOW ABOUT THE DEBT DEAL

There were more questions than answers following the announcement that IBRC was to be liquidated. Here we try to correct the imbalance.

Q. Is IBRC dead and buried?

A. Not until the liquidator officially winds it up, which is expected to take at least six months. In the meantime, the liquidator keeps it artificially alive, selling off its assets, paying down its debts and transferring ongoing business to Nama. That process is expected to take at least six months.