Oireachtas Joint and Select Committees

Wednesday, 17 July 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Insolvency Service of Ireland: Discussion

3:30 pm

Mr. Lorcan O'Connor:

That is correct. Again, I must point to the fact that in our guidelines on reasonable living expenses and a reasonable standard of living, we include provision for savings, contingencies, social inclusion and so on. For a single adult, this amounts to almost €200 a month. Using the guidelines as a reference point, there would hopefully be the capacity for people to put something aside over a short period in order to meet the fees.