Alan Shatter (Dublin South, Fine Gael) | Oireachtas source

There obviously will be people who will consult PIPs and for whom, because of the genuine difficulty of their financial circumstances, personal insolvency arrangements will not be a practical possibility. The only real option for them may well be bankruptcy. That will go beyond the issue of simply repossessing the family home. A well-trained PIP who is familiar with the workings of the legislation, who is doing his or her job responsibly and who is familiar with the relevant regulations should, once the debtor has furnished all the financial background information on assets, income and debts, fairly rapidly be in a position to conclude whether there is a practical possibility of putting together a proposal that has some possibility of success.