Alan Shatter (Dublin South, Fine Gael) | Oireachtas source

Although well intended, the Senator's amendment appears to miss the point of the debt relief notice process. That was the case in the context of an amendment we dealt with on a previous day. The approved intermediary is required to advise the debtor as to the consequences of the application for debt relief notice, the criteria applicable and whether a different debt resolution process might not be more appropriate to his or her situation. Becoming party to another debt process will likely involve the elements set out by the Senators. However, there is no requirement to list them in this section, which deals with the provision of information and advice as to the debtor's options - that is, the potential negotiating strategy to be arranged by a personal insolvency practitioner, PIP, in one of the other two processes.