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Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (30 Nov 2012)

Thomas Byrne: I move amendment No. 26: In page 27, subsection (6)(c), between lines 31 and 32, to insert the following:"(ii) one item of jewellery of ceremonial significance of a value not to exceed such amount as may be determined by the Minister by regulation;".This is an important amendment and I expected something from the Minister in that regard.

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (30 Nov 2012)

Thomas Byrne: I am happy to hear it, as the issue is worth discussing. It would be relatively common for somebody to have an engagement ring in excess of the asset value. That could be a broken person, as the person in question would have been doing okay five years ago, like many people in the country, but could now be almost without assets and have hardly any income. We cannot take an engagement ring...

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (30 Nov 2012)

Thomas Byrne: The House might have thought the previous amendment was not sufficient and that we need to go higher.

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (30 Nov 2012)

Thomas Byrne: On a point of order, I have two queries. I understand that the Seanad Standing Orders do not have a provision ruling out matters as charges on public expenditure. At the end of the day only the Dáil can approve them. Senator Daly has correspondence from the Seanad office on that issue. He has left temporarily and taken the correspondence with him but he will be back shortly. Even if...

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (30 Nov 2012)

Thomas Byrne: I know of a person who had an accident and was unfortunately uninsured and owed the Motor Insurance Bureau of Ireland ¤50,000. He is unemployed and given that there is little prospect of him paying this, he should be subject to a debt relief notice. I suspect his car, which he needs to do the bit of work he does when he goes on and off the dole, is worth more than the ¤1,200 provided for...

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (30 Nov 2012)

Thomas Byrne: What the Minister proposes is a major step forward. It is, nevertheless, shocking that we are debating what constitute reasonable living expenses. During the debate on Second Stage, the Minister made an unfortunate reference to food, light and heat, or perhaps it was shelter, light and heat. I acknowledge that we have moved substantially beyond that, but there must be a way for us to...

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (30 Nov 2012)

Thomas Byrne: The amendment refers to Part 5, which is a massive new piece of the legislation that will be added if Senators support it. Is there an explanatory memorandum for the amendments? There was an issue with the last Government when Bills were produced and substantial amendments made to them. It was agreed at the time that explanatory memorandums would be provided. Is that the case now?

Seanad: Business of Seanad (30 Nov 2012)

Thomas Byrne: On a point of order, will the Leas-Chathaoirleach clarify the position in respect of the Adjournment debate last night when a Minister did not show up to take the matters raised by Senator van Turnhout and me?

Seanad: Business of Seanad (30 Nov 2012)

Thomas Byrne: Must we resubmit the matters to the office of the Cathaoirleach?

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (30 Nov 2012)

Thomas Byrne: It doth protest too much.

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (30 Nov 2012)

Thomas Byrne: We will decide how to regulate our time.

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (30 Nov 2012)

Thomas Byrne: It doth protest too much.

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (30 Nov 2012)

Thomas Byrne: We will decide how to regulate our time.

Seanad: Credit Institutions (Eligible Liabilities Guarantee)(Amendment) Scheme 2012: Motion (29 Nov 2012)

Thomas Byrne: He would be delighted to be rid of the job.

Seanad: Credit Institutions (Eligible Liabilities Guarantee)(Amendment) Scheme 2012: Motion (29 Nov 2012)

Thomas Byrne: It was not 15%. That was the peak under the current Government.

Seanad: Credit Institutions (Eligible Liabilities Guarantee)(Amendment) Scheme 2012: Motion (29 Nov 2012)

Thomas Byrne: We are supporting the Government.

Seanad: Credit Institutions (Eligible Liabilities Guarantee)(Amendment) Scheme 2012: Motion (29 Nov 2012)

Thomas Byrne: That is hypocrisy.

Seanad: Credit Institutions (Eligible Liabilities Guarantee)(Amendment) Scheme 2012: Motion (29 Nov 2012)

Thomas Byrne: Hypocrisy.

Seanad: Credit Institutions (Eligible Liabilities Guarantee)(Amendment) Scheme 2012: Motion (29 Nov 2012)

Thomas Byrne: The Taoiseach had said he was not looking for such a deal. It landed in his lap.

Seanad: Credit Institutions (Eligible Liabilities Guarantee)(Amendment) Scheme 2012: Motion (29 Nov 2012)

Thomas Byrne: The Labour Party voted against the credit institutions Bill in the Dáil in December 2010. It allowed the burning of junior bondholders. It is a fact that junior bondholders were burned as a result of legislation that Fianna Fáil passed but which was opposed by Fine Gael and Labour.

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