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

The reality is that this is not an easy way out. I believe the Deputies will realise that when we start working it. There is a question about the relevance of any financial limit in circumstances where this is about trying to ensure debtors meet a portion of their obligations in circumstances in which creditors more or less agree that it would be a worse alternative for them if those individuals go into bankruptcy when we are talking about these levels. This is more about people facing up to the level of indebtedness and meeting, at least to a proportionate degree, their obligations to a greater extent than if they went into bankruptcy because they have one advantage in it. If they have a modest home, they will not be forced to sell it.

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