Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

We support the argument that there should be a public insolvency process, and that it should not be left to people who are going to cherry-pick those that are the most profitable for them. Will the service ensure there is a monitoring process so that people are not left out of the loop?

I know the following is in the legislation, and that is not Mr. O'Connor's field, but what advice would he give to somebody who is looking for a debt relief notice, and who has an engagement ring and wedding ring, as to which piece of jewellery he or she should sell to avail of the notice? Under the legislation, the person is allowed only one piece of jewellery. Will that cause problems? Mr. O'Connor estimates that he expects up to 4,000 applications. There are other areas about which we have concerns. While educational materials for primary and secondary school are excluded, the books and materials for a debtor in third level education will be taken into account in his or her asset test. Where a person has less than €60 in income at the end of the month and has assets of less than €400, the legislation will require him or her to dispose of either a wedding ring or an engagement ring. How will the service deal with that?