Arthur Spring (Kerry North-West Limerick, Labour) | Oireachtas source

I have two other questions, one particularly to New Beginning. Mr. Maguire was talking about the bankruptcy route. We do not want people going down the bankruptcy route but I am much happier that we are now in a position where bankruptcy is far less onerous than it used to be prior to the new legislation. For some, it might be the best option.

Mr. Maguire referred to the idea that if one has no personal belongings being more than €6,000 in value, he or she will not necessarily lose his or her house if it is in joint ownership. What happens to the person's legal claim on that house and, when the bankruptcy runs out, what is the status of the person's ownership?