Richard Bruton (Dublin Bay North, Fine Gael) | Oireachtas source

I thank the witnesses for their work on this issue. I know this Bill was the cause of quite a bit of angst, with some high-profile liquidations that were not liquidations.

What are the custom and practices with respect to the sole trader provision? A lot of sole traders just cease trading and do not enter into personal insolvency arrangements. They just wind up. Is this requirement of a personal insolvency arrangement statutory? In a case in which someone winds up and does not go through all the paperwork of insolvency and so forth, can it be applied in that instance?