Oireachtas Joint and Select Committees
Wednesday, 11 February 2015
Select Committee on Justice, Defence and Equality
Personal Insolvency (Amendment) Bill 2014: Committee Stage
I move amendment No. 1:
In page 3, between lines 10 and 11, to insert the following:
"Amendment of section 16 of Principal Act
2.Section 16 of the Principal is amended by the insertion of the following new subsection after subsection (2):"(2A) Where a Debt Relief Notice, a Debt Settlement Arrangement or a Personal Insolvency Arrangement as outlined in the Principle Act is rejected by a majority of creditors, this information will be included in the Annual Report of the Insolvency Service of Ireland.".".
This is self-explanatory. Where a proposal for a debt settlement or personal insolvency arrangement, PIA, is rejected by a majority of the creditors, this information will be included in the annual report of the Insolvency Service of Ireland, ISI. This is a public information initiative.