Seanad amendment No. 63:Section 53: In page 50, between lines 21 and 22, to insert the following new subsection: “(3) A debtor shall not be eligible to make a proposal for a Debt Settlement Arrangement where 25 per cent or more of his or her debts (other than excluded debts and secured debts) were incurred during the period of 6 months ending on the date on which an application is made under section 54 for a protective certificate.”.

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