Dáil debates

Tuesday, 14 July 2015

Personal Insolvency (Amendment) Bill 2014: Report and Final Stages

 

7:50 pm

Photo of Frances FitzgeraldFrances Fitzgerald (Dublin Mid West, Fine Gael) | Oireachtas source

I move amendment No. 14:

In page 18, line 41, after “section” to insert “and section 119A”.
This group of amendments ensures that where a personal insolvency arrangement has been imposed by the court, under the new review procedures, it can be varied if there is a material change to the debtor's circumstances. This is an important point. Amendments Nos. 14 and 16 to 20, inclusive, are consequential amendments, while amendment No. 21 is a substantive amendment and keeps the same protection for debtors as in the existing variation provision. The amendment allows for a change in circumstances where an arrangement may have to be examined again.

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