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

It would afford an opportunity. I will give an example. They Deputy is aware that as one goes through working an arrangement there may be temporary circumstances which result, with the assistance of a personal insolvency practitioner, in the arrangement being re-organised for a period. However, it cannot be re-organised indefinitely to go on for years and years for the sake not only of creditors, but also of debtors, because there might be an unreal view that something can be worked through which is clearly no longer the case. It is to provide a degree of flexibility while also ensuring it is for a defined period only.

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