Richard Bruton (Dublin North Central, Fine Gael) | Oireachtas source

The proposed amendment goes way beyond the scope of the legislation. The Deputy is seeking to introduce a new procedure for adjudicating on insolvent companies. The issue he raises is on access to the insolvency fund and the Minister for Social Protection is reviewing the position on informal insolvencies to establish what can be done, if anything, to progress payments to individuals in situations where employers cease trading without engaging in a formal winding up process and owe moneys to their employees. The Minister is examining access to the insolvency fund, which offers protection to workers, but introducing legislation of this sort in relation to companies and how they are deemed insolvent is way beyond the scope of this legislation.

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