Arthur Spring (Kerry North-West Limerick, Labour)
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I am of the opinion that this is the most significant Act for the people of my generation who are currently in financial distress. I do not think there is anything else the Government can do to give people more hope that they can resolve their personal indebtedness. Mr. O'Connor has been entrusted by the State with an enormous task, and I wish him the very best of luck in his job. We have trusted many institutions in the past - such as the Central Bank, which licences the banks - that have let this country down. Does Mr. O'Connor think the mechanisms in place are appropriate to ensure that the personal insolvency practitioners will have the appropriate skill set? How will the service monitor that? Can we get some feedback on the process in a while?