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

Amendment No. 112 reduces the amount of credit that a debtor may seek without informing the creditor of the fact that he is party to a personal insolvency arrangement to ¤650. This is the same amount in the debt relief notice and debt settlement arrangement.

The purpose of amendment No. 124is to bring the offence provision in section 125 into line with the restrictions on obtaining credit above a specified amount that apply to a debtor in respect of a debt relief notice, debt settlement arrangement or personal insolvency arrangement.