Dáil debates

Wednesday, 7 November 2012

Personal Insolvency Bill 2012: Report Stage (Resumed) and Final Stage

 

4:00 pm

Photo of Niall CollinsNiall Collins (Limerick, Fianna Fail) | Oireachtas source

The perception exists, rightly or wrongly, that by setting the limit at €3 million, many high net worth individuals will be facilitated instead of having to go through bankruptcy. If a person enters into a PIA, and the arrangement is approved by the courts and the insolvency service, does the information become public or does it fall under the veil of secrecy that currently pertains for banking arrangements?

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