Seanad debates

Tuesday, 11 December 2012

Personal Insolvency Bill 2012: Report and Final Stages

 

7:50 pm

Photo of David CullinaneDavid Cullinane (Sinn Fein) | Oireachtas source

I wish to speak again about amendment No. 75. We had some discussion on Committee Stage in respect of the amendment. It states: "In page 76, line 47, to delete ¤3,000,000 and substitute ¤1,000,000". As the Minister will know, the amendment refers to the criteria for a personal insolvency arrangement. My party believes that the current ceiling is too high and too loose. We want it set at ¤1 million and not ¤3 million.

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