Dáil debates
Wednesday, 18 July 2012
Personal Insolvency Bill 2012: Second Stage (Resumed)
10:00 pm
Alan Shatter (Dublin South, Fine Gael)
I made it clear that "given the potential for misuse of such a possible exemption, I would need to hear very convincing arguments as to why a person applying for a full debt write-off of up to €20,000 from his or her creditors should be allowed to retain expensive items of jewellery which might be sold to repay some of the debt incurred". Is anyone seriously suggesting a wedding ring which cost €200 or €300 would fall into the category of an expensive item of jewellery?
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