Enda Kenny (Mayo, Fine Gael) | Oireachtas source

It is in order that there can be a process and a series of arrangements that individuals can make to work out a resolution in their particular circumstances. That is required through the bank or the lender sitting down with such people, the question of the insolvency agency and an individual's rights beyond that. Obviously, if an individual goes to the insolvency agency the professional practitioners make a determination about what is in the best interests of both the borrower and lender in such cases. Deputy Halligan has suggested writing them all down in respect of individuals, but it is the rest of the taxpayers who must pay for that and they are hard pressed as it is in a range of respects.

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