Simon Harris (Wicklow, Fine Gael) | Oireachtas source

The Government is determined to ensure that the personal insolvency legislation, representing the largest reforms in personal insolvency, and support structures can work effectively to support a return to solvency for borrowers struggling with unsustainable debts. In this context, the Government is considering all options on improving the effectiveness of the range of solutions available to a person who is trying to resolve unsustainable debts. The Government will make an announcement on the mortgage arrears issue in the coming weeks. It is intended that announcement will focus on initiatives aimed at reducing the number of mortgages in long-term arrears and will seek to facilitate borrowers remaining in their homes wherever possible. The constructive debate from all sides of the House has been useful in that regard.

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