Seanad debates
Tuesday, 4 December 2012
Personal Insolvency Bill 2012: Committee Stage (Resumed)
8:25 pm
Trevor Ó Clochartaigh (Sinn Fein) | Oireachtas source
I move amendment No. 106:
This amendment is self-explanatory. It refers to the terms which a personal insolvency arrangement must include in relation to the secured debt. As we believe the lender should have made an effort to meet the debtor half way that is the reason we suggest the amendment.
In page 90, between lines 29 and 30, to insert the following subsection:
"(7) The lender will also be obliged to propose a solution to the borrower's problem.".
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