Seanad debates
Thursday, 29 November 2012
Personal Insolvency Bill 2012: Committee Stage
12:20 pm
David Norris (Independent) | Oireachtas source
There seems to be, theoretically, envisaged a possibility where some debt resolution should be made so that these loan sharks, who are people who charge up to 100% and 200% interest, might actually find their bills paid. I do not take the general sanitised view of debt. I think there is a case to be made that they should never be paid and certainly that they should not be paid out of taxpayers' funds. I would hope there is a mechanism, perhaps in the Bill, or that one should be contemplated where these kinds of people will never be paid out of taxpayers' money. Every instinct in me would revolt at the idea that these people, who are a leech on society, would be given money that people can barely afford to pay in tax.
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