Pádraig Mac Lochlainn (Donegal North East, Sinn Fein) | Oireachtas source

I move amendment No. 37:

In page 30, line 25, after “particular,” to insert the following:“negotiation with a creditor or creditors with a view to restructuring the terms of a debt owed (including write-downs, reductions of interest rates, lengthening of maturities) to that creditor or creditors, whether as part of any arrears process or otherwise,”.

The objective of this amendment is for the debtor to be advised of options that might not be in the Bill related to write-downs, reductions of interest rates and lengthening of maturities. It would ensure the debtor has full information before engaging in the debt relief process.

See this speech in context