Results 601-620 of 49,836 for speaker:Stephen Donnelly

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Stephen Donnelly: Have the guidelines changed since Bank of Ireland provided us with the information on the last occasion?

Personal Insolvency Bill 2012: Report Stage (6 Nov 2012)

Stephen Donnelly: The €20,000 ceiling is the level at which debtors will move from a debt relief notice to a debt settlement arrangement. Has an analysis been done of the numbers who would become eligible for the former were the limit to be raised to either €30,000 or €50,000?

Personal Insolvency Bill 2012: Report Stage (Resumed) (6 Nov 2012)

Stephen Donnelly: I seek clarification. I agree there is no right answer to the amount of €60. Each month has an average of 4.3 weeks which leaves approximately €14 for the month. If a debtor has a partner and two children, will the amount be €60 for the household, which would work out at €3.50 per person per week, or is it intended that if dependents are involved, particularly...

Personal Insolvency Bill 2012: Report Stage (Resumed) (6 Nov 2012)

Stephen Donnelly: I am with the other Deputies on this. In a council estate in County Wicklow, not far from where I live, sub-prime lenders - legal loan sharks - are lending money for communions to people with very low incomes. I have spoken to a few people in this situation and the debts mount very quickly because the lenders charge ridiculous interest rates. I understand the whole moral hazard idea and...

Personal Insolvency Bill 2012: Report Stage (Resumed) (6 Nov 2012)

Stephen Donnelly: Briefly, I refer to section 24(2)(c), which states "has assets, calculated in accordance with subsection (6), worth €400 or less". Is the Minister satisfied that if someone has a wedding ring that is worth, for the sake of argument, €500, this will not preclude him or her from the debt relief notice? I ask because section 24(6) refers to "property (real and personal)". If this...

Written Answers — Department of Foreign Affairs and Trade: EU Funding (6 Nov 2012)

Stephen Donnelly: To ask the Tánaiste and Minister for Foreign Affairs and Trade his views on whether the outcome of the negotiations on the EU’s Multi-Annual Financial Framework will reflect Ireland’s core values; if there is support from Ireland and other EU member states for the Commission’s proposal to increase the budget for the EU’s foreign policies; and if he will make a...

Written Answers — Department of Finance: Budget 2013 (6 Nov 2012)

Stephen Donnelly: To ask the Minister for Finance if he will provide the full list of budgetary information, not the actual data, which will be sent to foreign individuals and or groups, for example the IMF, ECB, the European Commission, the German Parliament, before being seen by Dáil Éireann, including for each one, the name of the person or organisation, the type of information which will be sent,...

Written Answers — Department of Education and Skills: Student Grant Scheme Applications (6 Nov 2012)

Stephen Donnelly: To ask the Minister for Education and Skills the provisions, being made to clear the backlog of 52,430 claims to Student Universal Support Ireland for third level grants; the way such a backlog, was allowed to build up; and if he will make a statement on the matter. [48088/12]

Written Answers — Department of Transport, Tourism and Sport: Irish Coast Guard (6 Nov 2012)

Stephen Donnelly: To ask the Minister for Transport, Tourism and Sport in relation to the forthcoming decision affecting the future of Valentia Radio Station, County Kerry, if a decision has been made regarding the future of the station; if he will reveal that decision; if a decision has not been made, when will he bring his recommendations to Cabinet and when he expects a decision to be made; the specific...

Written Answers — Department of Transport, Tourism and Sport: Irish Coast Guard (6 Nov 2012)

Stephen Donnelly: To ask the Minister for Transport, Tourism and Sport in relation to the maritime radio stations, his plan to merge the MSO and IRCG divisions similar to the UK, thus saving on manpower and making end to end marine safety more efficient. [47877/12]

Personal Insolvency Bill: Report Stage (Resumed) (7 Nov 2012)

Stephen Donnelly: I move amendment No. 102:In page 57, between lines 6 and 7, to insert the following:"(b) in the first three years post enactment of this Act, the maximum duration of a Debt Settlement Arrangement shall be limited to 36 months, after which, and on return to normality, the period should be increased again to 60 months;".The Minister and I have discussed this previously. The objectives of these...

Personal Insolvency Bill: Report Stage (Resumed) (7 Nov 2012)

Stephen Donnelly: I thank the Minister for his comprehensive response. I appreciate the spirit in which he is trying to set these limits. I also appreciate that he is trying to achieve a delicate balance. From what I have heard, I understand the Minister's position to be that it has to be that long - five or six years - to make it worthwhile for banks or other creditors.

Personal Insolvency Bill: Report Stage (Resumed) (7 Nov 2012)

Stephen Donnelly: Absolutely. I appreciate that but we have to make it worth their while. Therefore in a business-as-usual situation I do not think these are necessarily unreasonable. However, we do know how the banks have been behaving to date. We are all dealing with this in our constituencies. FLAC, New Beginning, MABS and others are dealing with some very objectionable behaviour from the banks. I was...

Personal Insolvency Bill: Report Stage (Resumed) (7 Nov 2012)

Stephen Donnelly: That is exactly what they are doing.

Personal Insolvency Bill: Report Stage (Resumed) (7 Nov 2012)

Stephen Donnelly: Yes.

Personal Insolvency Bill 2012: Report Stage (Resumed) and Final Stage (7 Nov 2012)

Stephen Donnelly: In the same vein, I have no doubt the Minister and his officials will watch this like hawks. In order that the Oireachtas committee can see how this is working, as opposed to the Minister and his officials, can the Minister consider coming before the committee or the Chamber with some initial data? For example, these could include the number of debt surrenders, the number of people who have...

Personal Insolvency Bill 2012: Report Stage (Resumed) and Final Stage (7 Nov 2012)

Stephen Donnelly: The Minister should enjoy this while he can.

Personal Insolvency Bill 2012: Report Stage (Resumed) and Final Stage (7 Nov 2012)

Stephen Donnelly: Will the Minister explain why the provision for not more than 12 months is contained in the Bill? If a period of 72 months has been agreed, what is the rationale for inserting an additional one year into the legislation?

Personal Insolvency Bill 2012: Report Stage (Resumed) and Final Stage (7 Nov 2012)

Stephen Donnelly: For clarification, am I correct that the Minister's intention is not that the standard six-year process would de facto extend for another year of payment by the debtor to the creditor?

Personal Insolvency Bill 2012: Report Stage (Resumed) and Final Stage (7 Nov 2012)

Stephen Donnelly: I move amendment No. 148:In page 85, between lines 35 and 36, to insert the following:"(c) in the first three years post enactment of this Act, the maximum duration of a Personal Insolvency Arrangement shall be limited to a maximum of 48 months, after which, and on return to normality, the period should be increased again to 72 months;".