Dáil debates
Wednesday, 25 September 2013
Ceisteanna - Questions - Priority Questions
Personal Insolvency Practitioners
1:30 pm
Seán Ó Fearghaíl (Kildare South, Fianna Fail) | Oireachtas source
I thank the Minister for his response. The first issue is that of cost. Will the Minister and his Department keep the cost of these operators under scrutiny? An Irish Independent survey indicated that the PIPs might charge anything from €5,000 to €20,000 to families suffering severe financial difficulties during the five to seven year period of their debt. We hope this regime will be successful, in the interests of the many hard-pressed families it is to serve. However, it got off to a somewhat shaky start earlier this month. We heard one PIP claiming that hospital consultants and solicitors, for example, would need bigger houses than other individuals. What sort of criteria has the Minister in place to ensure the performance of these professionals is monitored and reflects the type of model the Minister and his Department put before the House when this legislation was introduced?
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