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

Nor has he contributed to any of the serious engagement which resulted in major amendments to the Bill. It is unfortunate that it is this particular issue, as opposed to the very substantial measures that are designed to be of genuine assistance to persons in debt, which catches a headline .

Returning to the car valuation, in the context of this issue not being addressed in certain jurisdictions and in the context of the value that is attached in similar circumstances in adjacent jurisdictions, I am of the view that increasing the threshold from €1,200 to €2,000 is appropriate. An increase of €3,000, however, is a step too far in the context of the balance that must be fairly struck in the interests of creditors. Again, this is an issue, because it can be dealt with by way of regulation, that is open to review. I do not want to be misunderstood in this regard.

I share the view that a car is a necessity depending on where one lives in this State. For some it is a necessity for social interaction and contact with family and friends, while for others it is essential to get to work and for taking their children to school. We have taken that into account, but there must be a balance. I cannot accept the amendments in the context of that balance.

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