Dáil debates

Tuesday, 6 November 2012

Personal Insolvency Bill 2012: Report Stage

 

7:35 pm

Photo of Alan ShatterAlan Shatter (Dublin South, Fine Gael) | Oireachtas source

I move amendment No. 7:

In page 24, to delete lines 22 and 23 and substitute the following:

" "debt", in relation to a debtor, means a debt for a liquidated sum that, on the application date, is payable either immediately or at some certain future time within 3 years from that date;".
This proposal amends the definition of "debt" in Chapter 3 to limit the foreseeability of future liquidated sums to the three-year look-forward test provided for in the debt relief notice. Again, this is essentially a technical amendment.

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