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

Amendments Nos. 64 and 120 provide for a clear expression of what constitutes a period of arrears for the purposes of an application to the court by a creditor or personal insolvency practitioner for termination of a debt settlement arrangement or personal insolvency arrangement on the grounds that the debtor is in arrears with his or her payments for at least three months.

The purpose of amendment No. 120 is to define in section 118 when a six-month arrears default takes place. The new subsection reflects the text of section 80(3) which defines a six-month arrears period for the purposes of a debt settlement arrangement.