Seanad debates

Tuesday, 11 December 2012

Personal Insolvency Bill 2012: Report and Final Stages

 

8:10 pm

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

Amendment No. 65 is a drafting amendment and has been recommended by the Parliamentary Counsel to improve the text. It will ensure that the debtor will also be given notice by the personal insolvency practitioner of the termination of a personal insolvency arrangement due to a six-month arrears default.

The purpose of amendment No. 97a is to improve the clarity of section 101 which outlines the framework for the determination of the value of security in respect of secured debt in a personal insolvency arrangement.

I propose to withdraw amendments Nos. 98 to 105, inclusive, which have been incorporated into the replacement section 101 that is proposed to be inserted by amendment No. 97a.

Amendment No. 119 is a drafting amendment recommended by the Parliamentary Counsel to improve the text.

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