Oireachtas Joint and Select Committees

Wednesday, 27 May 2015

Joint Oireachtas Committee on Justice, Defence and Equality

Insolvency Services: Insolvency Service of Ireland

2:00 pm

Photo of Pádraig Mac LochlainnPádraig Mac Lochlainn (Donegal North East, Sinn Fein) | Oireachtas source

Deputy Niall Collins referred to the issues arising in Limerick. In terms of the number of people who might have consulted a personal insolvency practitioner, what impact does Mr. O'Connor believe the service has made? The numbers who availed of the personal insolvency route were much lower than anticipated in the year since the legislation was introduced. In fairness, that is reflected in the proposed amendments. How many people might have decided against pursuing the personal insolvency route because of the bank veto?

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