Seanad debates

Tuesday, 4 December 2012

Personal Insolvency Bill 2012: Committee Stage (Resumed)

 

Government amendment No. 67: In page 62, lines 1 to 21, to delete subsections (2) to (4) and substitute the following:?(2) When calling a creditors? meeting under this section, the personal insolvency practitioner shall do so in accordance with any regulations under section 69 and, in any case, shall -(a) give each creditor at least 14 days written notice of the meeting and the date on which, and time and place at which, the meeting will be held, (b) ensure that the notice referred to in paragraph (a) is accompanied by a copy of each of the documents referred to in section 66, and (c) lodge a copy of the notice referred to in paragraph (a) and the documents referred to in section 66 with the Insolvency Service.(3) Where a creditors? meeting referred to in subsection (1) does not take place before the expiry of the protective certificate, the Debt Settlement Arrangement procedure shall be deemed to have come to an end.?.

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