Results 3,841-3,860 of 5,132 for speaker:Trevor Ó Clochartaigh

Seanad: Order of Business. (5 Dec 2012)

Trevor Ó Clochartaigh: That is total hypocrisy.

Seanad: Order of Business. (5 Dec 2012)

Trevor Ó Clochartaigh: We get lots of services for those taxes.

Joint Oireachtas Committee on Transport and Communications: Ireland West Airport Knock: Discussion (5 Dec 2012)

Trevor Ó Clochartaigh: We are looking at this purely from an economic perspective rather than a regional development one. We do not have a regional development policy at the moment. If we do have one, I have not heard of it. Knock needs to be seen as part of a regional development policy because an airport is not just a business. Obviously, it is an important hub for people to travel into and out of an area but...

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (4 Dec 2012)

Trevor Ó Clochartaigh: We welcome the Minister's commitment to change the wording and to bring forward an amendment on Report Stage. I take him at his word and we will withdraw it, with leave to reintroduce it if we do not see the amendment on Report Stage.

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (4 Dec 2012)

Trevor Ó Clochartaigh: I move amendment No. 131: In page 113, line 27, after ?creditor,? to insert the following: ?and where the consent of both the creditor and debtor has been secured,?.We believe the section as it stands holds that in circumstances where two people have debts and are in credit to one another, the debt or credit is the difference when they are matched off. We are keen to provide that the parties...

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (4 Dec 2012)

Trevor Ó Clochartaigh: I move amendment No. 117: In page 98, subsection (1)(c), line 24, to delete ?50 per cent? and substitute ?25 per cent?.

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (4 Dec 2012)

Trevor Ó Clochartaigh: I move amendment No. 121: In page 104, subsection (4)(a), lines 49 and 50, to delete ?65 per cent? and substitute ?30 per cent?.These amendments refer to the creditors voting in favour of a personal insolvency arrangement and the percentage of the secured debt required.

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (4 Dec 2012)

Trevor Ó Clochartaigh: I move amendment No. 123: In page 105, subsection (4)(b), line 3, to delete ?50 per cent? and substitute ?25 per cent?.

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (4 Dec 2012)

Trevor Ó Clochartaigh: I move amendment No. 125: In page 105, subsection (4)(c), line 7, to delete ?50 per cent? and substitute ?25 per cent?.

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (4 Dec 2012)

Trevor Ó Clochartaigh: I move amendment No. 130: In page 110, subsection (1), line 42, to delete ?¤1,000? and substitute the following:?¤650 in the case of a Debt Relief Notice and Debt Settlement Arrangement, or ¤1,000 in the case of a Personal Insolvency Arrangement?.This amendment refers to section 125(1) and the threshold whereby a specified debtor under a debt relief notice, debt settlement arrangement or a...

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (4 Dec 2012)

Trevor Ó Clochartaigh: I take on board what the Minister said. We have come a long way in our analysis of the banking sector in terms of from where we have come and where we are now, but we are trying to acknowledge a David and Goliath scenario where people who might be in difficulty with a mortgage are not in as strong a negotiating position as the bank. The repayments they have entered into with their banks...

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (4 Dec 2012)

Trevor Ó Clochartaigh: I move amendment No. 113: In page 98, subsection (1)(a), lines 14 and 15, to delete "65 per cent" and substitute "30 per cent".Amendments Nos. 113, 115 and 117 seek to reduce the respective percentages from 65% to 30% and 50% to 25%. They should be inserted.

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (4 Dec 2012)

Trevor Ó Clochartaigh: I move amendment No. 115: In page 98, subsection (1)(b), line 18, to delete "50 per cent" and substitute "25 per cent".

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (4 Dec 2012)

Trevor Ó Clochartaigh: I echo the Senator's comment that we also welcome the note and will take on board what the Minister has said in it and will study it between now and Report Stage. In the interim I will withdraw amendment No. 100.

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (4 Dec 2012)

Trevor Ó Clochartaigh: I move amendment No. 106: In page 90, between lines 29 and 30, to insert the following subsection: "(7) The lender will also be obliged to propose a solution to the borrower's problem.".This amendment is self-explanatory. It refers to the terms which a personal insolvency arrangement must include in relation to the secured debt. As we believe the lender should have made an effort to meet...

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (4 Dec 2012)

Trevor Ó Clochartaigh: I appreciate where the Minister is coming from and the Minister is right that it is well intended. Many people are finding it difficult to get the banks to engage constructively in the debt settlement process. The essence of what we are trying to achieve is to encourage the banks to engage more actively. They engage to a certain extent but the solution is not always to the benefit of the...

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (4 Dec 2012)

Trevor Ó Clochartaigh: I do not intend to move amendment No. 100.

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (4 Dec 2012)

Trevor Ó Clochartaigh: I move amendment No. 100: In page 87, lines 30 and 31, to delete subsection (3) and substitute the following:?(3) The Insolvency Service shall publish a code of practice providing guidance on the matters set out in subsection (2), as well as a rule that Personal Insolvency Practitioners will be paid from monies available for distribution to creditors once repayment proposals are accepted.?.

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (4 Dec 2012)

Trevor Ó Clochartaigh: Perhaps a few bars of "Money, Money, Money" by ABBA would be pertinent. I thank the Minister for his overview. We would concur with him and appreciate that the aim of the legislation is that creditors who are owed money will secure as much of that money as possible in the process, and that the process is to try to avoid bankruptcy in as much as it can be avoided. I also note with great...

Seanad: Personal Insolvency Bill 2012: Committee Stage (Resumed) (4 Dec 2012)

Trevor Ó Clochartaigh: We will take on board what the Minister has said in a very comprehensive answer and we will reconsider this before Report Stage. In the interim, we will withdraw both amendments, with leave to reintroduce them on Report Stage if we feel we want to do that.