Dáil debates
Tuesday, 6 November 2012
Personal Insolvency Bill 2012: Report Stage (Resumed)
9:45 pm
Stephen Donnelly (Wicklow, Independent) | Oireachtas source
Briefly, I refer to section 24(2)(c), which states "has assets, calculated in accordance with subsection (6), worth €400 or less". Is the Minister satisfied that if someone has a wedding ring that is worth, for the sake of argument, €500, this will not preclude him or her from the debt relief notice? I ask because section 24(6) refers to "property (real and personal)". If this amendment potentially is to be considered, will there be a necessity to put something in there that would preclude it from being accounted part of the aforementioned €400?
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