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

I largely agree with the thrust of the proposal. I am of the view that the amount of ¤650 in regard to a debtor seeking to obtain credit without informing the other person of his or her participation in a debt resolution process under the Bill should be standardised.

The amount is already provided for in section 33 in respect of debt relief notices and in section 76 in respect of debt settlement arrangements and does not need amendment. I will bring forward an amendment on Report Stage to reduce the amount from the current level of ¤1,000 in personal insolvency arrangements to ¤650. I hope Senators will accept this clarification and withdraw the amendment.