Dáil debates

Wednesday, 12 October 2011

Debt Settlement and Mortgage Resolution Office Bill 2011: First Stage

 

11:00 am

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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I move:

That leave be granted to introduce a Bill entitled an Act to reform the law on personal insolvency; to provide for a non-judicial debt settlement arrangement process concerning personal debt; to provide for a non-judicial mortgage resolution order concerning mortgages over family homes; to provide for a debt relief order for personal debt where a debt settlement arrangement or bankruptcy is not appropriate; to reform the law on the enforcement of personal debt, including individual enforcement mechanisms; to provide for the establishment of a debt enforcement office, which includes a debt settlement and mortgage resolution office; to provide for the licensing and regulation of personal insolvency trustees and debt collection undertakings; and to provide for related matters.

Photo of Seán BarrettSeán Barrett (Dún Laoghaire, Ceann Comhairle)
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Is the Bill being opposed?

Photo of Paul KehoePaul Kehoe (Wexford, Fine Gael)
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No.

Question put and agreed to.

Photo of Seán BarrettSeán Barrett (Dún Laoghaire, Ceann Comhairle)
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Since this is a Private Members' Bill, Second Stage must, under Standing Orders, be taken in Private Members' time.

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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I move: "That the Bill be taken in Private Members' time."

Question put and agreed to.