Paschal Mooney (Fianna Fail) | Oireachtas source

I seek clarification from the Minister of the percentages. Where a proposal for a PIA is considered as having been approved by a creditors meeting, section 106(1)(a) refers to "a majority of creditors representing not less than 65 per cent in value of the total of the debtor?s debts...", while section 106(1)(b) refers to "creditors [which I presume are Revenue and the banks] representing more than 50 per cent of the value of the secured debts..." and section 106(1)(c) refers to "creditors representing more than 50 per cent by value of the creditors". What will this mean in practice? The more people in favour of the proposal, the more likely it is that it will go ahead, but then the percentage reduces to 50%. Why are there differences?