Results 10,401-10,420 of 19,162 for speaker:Alan Shatter

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

Alan Shatter: The amendment would reduce the period of commencement of a review of the operation of a personal insolvency arrangement under the legislation from five years to one year. This would be the statutory requirement for a review. I have examined the issue of the length and scope of a review period and had hoped to be in a position to bring forward an amendment on the matter today. However, I...

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

Alan Shatter: The intention would be that the review period would commence after the legislation has been working for three full years. I accept what the Deputy says. We do not need a review period that takes, for example, a further 18 months. If there is a statutory review period, the insolvency agencies, personal insolvency practitioners, the money advice and budgeting service, MABS, free legal advice...

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

Alan Shatter: That will happen without me needing to do anything further. It is envisaged that the insolvency agency will produce an annual report, which will be laid before both Houses. It is open to the Joint Committee on Justice, Defence and Equality to engage with the content of the report, to hear from the head of the insolvency agency if it wishes and to conduct any further hearing or inquiry it...

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

Alan Shatter: I thank the Deputies for their contributions. I propose to respond to amendments Nos. 133 and 138 together. Both amendments propose to reduce the indicative limit for the aggregate amount of secured debt that may be proposed in a personal insolvency arrangement from €3 million to €1 million. It is the preferred approach of the financial institutions so it is rather interesting...

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

Alan Shatter: I have already said that it is easy to present it that way.

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

Alan Shatter: It is getting close to Christmas.

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

Alan Shatter: And have another €600,000.

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

Alan Shatter: Deputy Mac Lochlainn is not listening to what I said about that issue. He is trying to equate the debt relief notice provision, which allows for the writing off of €20,000 without a compulsion to repay in circumstances where a person simply has nothing, with a whole range of stuff within that which allows approximately €6,000 worth of assets to be ignored in the context of...

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

Alan Shatter: The reality is that this is not an easy way out. I believe the Deputies will realise that when we start working it. There is a question about the relevance of any financial limit in circumstances where this is about trying to ensure debtors meet a portion of their obligations in circumstances in which creditors more or less agree that it would be a worse alternative for them if those...

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

Alan Shatter: I move amendment No.134:In page 77, to delete lines 16 to 22 and substitute the following:"(f) that the personal insolvency practitioner has completed a statement under section 50 in respect of the debtor;".

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

Alan Shatter: I fail to see how the amendment adds anything to the understanding of the provisions in section 88. Rather, it risks confusion by seeking to add a reference to creditors other than the secured creditors concerned with regard to the Central Bank process on mortgage arrears on the principal private residence. This is a very specific reference with regard to the debtors prior involvement with...

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

Alan Shatter: I move amendment No.136:In page 77, line 44, to delete "in force" and substitute "in effect".These are technical drafting amendments which are required to ensure consistency in the terminology used in the Bill.

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

Alan Shatter: I move amendment No. 137:In page 78, to delete lines 14 to 21.

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

Alan Shatter: I move amendment No. 137a:In page 78, line 26, to delete "and the factors referred to in subsection (2)".

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

Alan Shatter: I move amendment No. 139:In page 79, to delete lines 11 to 13 and substitute the following:"(e) a schedule of the creditors of the debtor and the debts concerned, stating in relation to each such creditor—(i) the amount of each debt due to that creditor, and".

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

Alan Shatter: I move amendment No. 140:In page 79, to delete lines 17 to 22 and substitute the following: "(f) the debtor’s written consent to—(i) the disclosure to the Insolvency Service, (ii) the processing by the Insolvency Service, and (iii) the disclosure by the Insolvency Service to creditors of the debtor concerned, of personal data of that debtor, to the extent necessary in respect...

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

Alan Shatter: I move amendment No. 141:In page 79, to delete lines 23 to 25 and substitute the following:"(g) the debtor’s written consent to the making of any enquiry under section 90 relating to the debtor by the Insolvency Service.".

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

Alan Shatter: I move amendment No. 142:In page 83, line 18, after "process" to insert "in respect of a specified debt".

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

Alan Shatter: I move amendment No. 143:In page 83, line 23, after “Arrangement” to insert the following:", but this subsection shall not operate to prohibit the commencement or continuation of any criminal proceedings against the debtor".

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

Alan Shatter: I move amendment No. 144:In page 84, line 7, to delete "the order" and substitute "an order".