Results 9,501-9,520 of 11,785 for speaker:Niall Collins

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

Niall Collins: They can have tomorrow off.

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

Niall Collins: There will not be a board?

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

Niall Collins: I move amendment No. 194: In page 121, between lines 7 and 8, to insert the following:"(2) (a) The Minister shall within 1 month of the entering into force of this Act prescribe regulations regulating personal insolvency practitioners and imposing mandatory requirements to obtain a licence as a personal insolvency practitioner. (b) The regulations shall specify - (i) charges that can be...

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

Niall Collins: Will the Minister flag any proposed amendments in the Seanad and any other items which have not come up for discussion here in order to give us a heads-up? In regard to the governance of the insolvency service of Ireland, the Minister has appointed a director designate. Will the Oireachtas Joint Committee on Justice, Equality and Defence have a role in regard to the membership of the board...

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

Niall Collins: I move amendment No. 186:In page 107, line 45, to delete "6 months" and substitute "9 months".This is similar to some preceding amendments and pertains to the personal insolvency arrangement, PIA. Where a debtor falls into arrears, the amendment will stretch the period from six months to nine months. This is a flexibility measure.

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

Niall Collins: I wish to speak to the group of amendments because I may not get a chance to move mine if the others fall. I am sure the Minister will appreciate that this is the elephant in the room concerning this legislation. It is the item which has been most commented upon by outside observers who are following this debate. If one looks at the figure of 65% in terms of total debt, a majority is 51%...

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

Niall Collins: No. They are all the same.

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

Niall Collins: The perception exists, rightly or wrongly, that by setting the limit at €3 million, many high net worth individuals will be facilitated instead of having to go through bankruptcy. If a person enters into a PIA, and the arrangement is approved by the courts and the insolvency service, does the information become public or does it fall under the veil of secrecy that currently pertains...

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

Niall Collins: The legislation refers to a figure of €3 million. Can the Minister give us an insight into how he arrived at the figure of €3 million? If one had an average mortgage in the region of €250,000-€280,000 and if we add in issues of personal debt, one could also add the mortgage of a buy-to-let property and still come up short of €1 million. A ceiling of €1...

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

Niall Collins: I move amendment No. 131:In page 75, line 2, to delete “3 years” and substitute “2 years”.

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

Niall Collins: I move amendment No. 132:In page 75, line 30, to delete “5 years” and substitute “1 year”.This pertains to section 85 which provides that the Minister shall, in consultation with the Minister for Finance, not later than five years after the commencement of the chapter, commence a review of its operation. The amendment seeks to have the review take place a year after...

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

Niall Collins: I accept the Minister's comments on my proposal of one year versus the proposed three years he intends to provide for in the Seanad. When he is making the provision for three years, will he put a time limit on the review period? Will the review period start in year three or will it finish in year three? Can the Minister provide for a definite period of time for the review in order that it...

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

Niall Collins: I move amendment No. 120:In page 72, line 39, to delete “3 months” and substitute “6 months”.This is an attempt to be on the side of the debtor in this process. The section provides for the right of a creditor to have a settlement annulled for a number of reasons. If the debtor is in arrears for up to three months, the creditor can apply to have the arrangement...

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

Niall Collins: I move amendment No. 121:In page 73, line 2, to delete “3 months” and substitute “6 months”.

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

Niall Collins: I move amendment No. 122:In page 73, line 4, to delete “3 month” and substitute “6 month”.

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

Niall Collins: I move amendment No. 123:In page 73, line 9, to delete “3 month” and substitute “6 month”.

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

Niall Collins: I move amendment No. 124:In page 73, line 19, to delete “6 months” and substitute “9 months”.

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

Niall Collins: I move amendment No. 125:In page 73, line 28, to delete “6 months” and substitute “9 months”.

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

Niall Collins: I move amendment No. 126:In page 73, line 29, to delete “6 month” and substitute “9 month”.

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

Niall Collins: I move amendment No. 127:In page 73, line 33, to delete “6 month” and substitute “9 month”.