Seanad debates

Tuesday, 4 December 2012

Personal Insolvency Bill 2012: Committee Stage (Resumed)

 

6:35 pm

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

Amendment No. 36 is recommended by the Parliamentary Counsel. It improves the text of those subsections in section 25 dealing with situations in which an approved intermediary resigns or otherwise becomes unavailable to continue acting as such for the debtor. Essentially, the required notifications to be made by parties concerned are set out in a clearer fashion. Subsection (9) now provides that if an approved intermediary resigns from the role in respect of a debtor he or she shall be required to notify the Insolvency Service of that fact. The debtor must inform the Insolvency Service of any new appointment.

Amendment No. 49 is similar. It substitutes the current subsections 46(4) to 46(7) with new text regarding the appointment of PIPs. These amendments are required to improve the overall presentation of the section for clarity and for consistency of approach with the amendments to section 25 regarding approved intermediaries. The main change is that the new subsection (8) provides that the debtor is only required to notify the Insolvency Service if his or her PIP dies, becomes incapacitated or resigns.

Comments

No comments

Log in or join to post a public comment.