Seanad debates

Tuesday, 11 December 2012

Personal Insolvency Bill 2012: Report and Final Stages

 

Government amendment No. 82: In page 84, to delete lines 17 to 27 and substitute the following: ?(1) Where a protective certificate has been issued, the personal insolvency practitioner shall as soon as practicable thereafter?(a) give written notice to the creditors concerned that the personal insolvency practitioner has been appointed by the debtor for the purpose of making a proposal for a Personal Insolvency Settlement Arrangement and, subject to section 97(2), invite those creditors to make submissions to the personal insolvency practitioner regarding the debts concerned and the manner in which the debts might be dealt with as part of a Personal Insolvency Arrangement, and such notice shall be accompanied by the debtor?s completed Prescribed Financial Statement,?. Amendment agreed to.

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