Eamon Gilmore (Dún Laoghaire, Labour)

In respect of mortgages, the Government intends to publish the personal insolvency legislation this month. Unlike the previous Government, the Government has brought forward a range of measures through the Keane report to address the issue of mortgage distress, which is very real and which is a priority. The legislation will contain for the first time in Irish law non-judicial debt settlement arrangements, which will be put in place and which will be of assistance to people in mortgage distress who need to negotiate new arrangements with their banks.

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