Dáil debates
Thursday, 5 July 2012
Personal Insolvency Bill 2012: Order for Second Stage
Bill entitled an Act to amend the law relating to insolvency, to amend the Bankruptcy Act 1988, to provide for the establishment and functions of a body to be known as Seirbhís Dócmhainneachta na hÉireann or, in the English language, the Insolvency Service of Ireland, and, in particular, in the interests of the common good (including the stability of the financial system in the State) and having regard to the following objectives—
(c) the need to enable insolvent persons to resolve their indebtedness (including by determining that debts stand discharged in certain circumstances) in an orderly and rational manner without recourse to bankruptcy, and to thereby facilitate the active participation of such persons in economic activity in the State,
11:00 am
Alan Shatter (Dublin South, Fine Gael)
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I move: "That Second Stage be taken now."