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. 2:
In page 3, between lines 10 and 11, to insert the following:“Amendment of section 26 of Principal Act
2. The Principal Act is amended in section 26(2)(a) by the substitution of “€30,000” for “€20,000”.”.
Whenever we dealt with the original Bill and Act, this was a significant issue and we want to raise it again. I appreciate that the Minister has undertaken a review of these matters but we want to take this opportunity again to flag the key issues as we see them. We believe that the threshold is prohibitively high in terms of the debt relief notices and we will be seeking to reduce it to €20,000.