Stephen Donnelly (Wicklow, Independent)

It is good to hear that the Minister will not only meet but introduce the Bill ahead of the IMF timeline set. Specifically with regard to mortgages, the ideal situation would be that the bankruptcy conditions contained in the new legislation would be such that it could be used as a credible threat and, therefore, the person concerned would not necessarily have to go through bankruptcy but could say to the bank that if pushed too hard the person would be declared bankrupt and that the bank should, therefore, reach a settlement.

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