Seanad debates
Thursday, 26 January 2012
Proposed Bankruptcy Legislation
1:00 pm
Kathleen Lynch (Cork North Central, Labour)
I appreciate the leniency of the Chair in allowing me to refer to the additional briefing notes that have been provided to me in support of the comprehensive reply I have read. According to this material, it is intended that the adjudicators or mediators in this respect would be the agencies with which we are familiar, including the Money Advice and Budgeting Service. Those bodies, which have a remit in this area anyway, will be named in the Bill. In addition, I understand it is intended to provide for absolute discharge in the legislation. I do not think the notion that a bankruptcy could be discharged while additional costs arising from the bankruptcy remain is being entertained. I am sure the Minister will clarify all of these matters during the debate on the legislation.
No comments