Niall Collins (Limerick, Fianna Fail) | Oireachtas source

The evolution of the personal insolvency legislation has been very slow in meeting all its critical deadlines. Since the tabling of this question we have had the appointment of the specialist judges. Given that we know the shortcomings of the system and the legislation in that it gives the banks a complete veto on proceedings and given that the Minister and the Government have ignored that aspect of the process, which we think will completely encumber the process, what is the expected launch date for the personal insolvency service? We still have issues around the regulation and the operation of the personal insolvency payment scheme, PIPS. We have just had the announcement that the judges are being appointed. The process is dragging on and on, and I think the Minister will agree with me on that. We are not moving along at any degree of pace or with any degree of the urgency that is required. We are missing all the timelines all the way along. Can the Minister give us some degree of clarity or certainty as to when cases can be received, cases will be processed and people can test the legislation, which has an inherent bankers' veto built into it?

See this speech in context